To Convert Information from Your Income Statement to Your Cash

question 26

Multiple Choice

To convert information from your income statement to your cash flow statement,which of the following would you NOT do?

• A) Take your net profit and add back depreciation.
• B) Add increases in accounts receivable.
• C) Subtract increase in inventory.
• D) Add increases in accounts payable.
• E) Subtract decrease in notes/loans payable.

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Definitions:

Cultural Survival Kit

The essential knowledge, beliefs, and practices that help a culture to maintain and reproduce itself in a changing environment.

Human Capabilities

The range of things that individuals can do or be in life, encompassing health, education, and the ability to achieve goals.

Postmodern Culture

A cultural state characterized by a rejection of objective truth and global cultural narratives, instead embracing relativism and the fragmentation of knowledge and identities.

Cultural Capital

Social assets not related to finances that enhance social advancement apart from monetary resources, including factors like education, intelligence, manner of speaking, and manner of dress.