Accounting, Emphasis Is Placed on Determining Net Income in Accordance

question 28

True/False

accounting, emphasis is placed on determining net income in accordance with generally accepted accounting principles.In finance, the primary emphasis is also on net income because that is what investors use to value the firm.However, a secondary financial consideration is cash flow, because cash is needed to operate the business.

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Definitions:

Coercive

Exerting or utilizing force, authority, or pressure in order to achieve compliance or control.

Legal Contract

A formal agreement between two or more parties, enforceable by law, outlining obligations and rights.

Standards Of Behavior

Established norms and expectations regarding how individuals should act within a group, organization, or society.

Amazon

A global online marketplace offering a wide variety of goods, digital streaming services, and cloud computing services.