Which of the Following Statements Is FALSE

question 4

Multiple Choice

Which of the following statements is FALSE?

• A)Depreciation is not a cash expense paid by the firm.
• B)Net Working Capital = Cash + Inventory + Payables - Receivables.
• C)Prior to 2018,companies could "carry back" losses for two years and "carry forward" losses for 20 years.
• D)Earnings do not represent real profits.

---

Definitions:

Personal Plans

Individualized strategies or intentions set by a person targeting specific goals or outcomes in their personal or professional life.

Cognitive Needs

The mental requirements or necessities for knowledge, understanding, curiosity, and search for meaning, often associated with Maslow's hierarchy of needs.

Maslow

Refers to Abraham Maslow, an American psychologist best known for creating Maslow's hierarchy of needs, a theory in psychology concerning human motivation based on fulfilling a series of needs from basic to self-actualization.

Consciousness

The state of being aware of and able to think about one's environment, thoughts, feelings, and sensations.