Austin Financial Recently Announced That Its Net Income Increased Sharply

question 123

Multiple Choice

Austin Financial recently announced that its net income increased sharply from the previous year,yet its net cash provided from operations declined.Which of the following could explain this performance?

• A) The company's dividend payment to common stockholders declined.
• B) The company's expenditures on fixed assets declined.
• C) The company's cost of goods sold increased.
• D) The company's depreciation expense declined.
• E) The company's interest expense increased.

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