Which of the Following Statements Is True

question 84

Multiple Choice

Which of the following statements is true?

• A)If a company reports net income on its income statement,it should report an increase in cash on its statement of cash flows.
• B)If a company reports a net loss on its income statement,it should report a decrease in cash on its statement of cash flows.
• C)If a company uses the accrual basis of accounting,it will improve its cash position if it reports net income for the same period.
• D)If a company uses the accrual basis of accounting,its cash balance can increase even if it reports a net loss.

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Definitions:

Physical Symptoms

Observable or felt changes in the body that often indicate disease, discomfort, or the effects of stress.

Agreeableness

A personality trait characterized by compassion, cooperativeness, and a desire for social harmony.

Antagonism

Extreme low agreeableness.

Disinhibition

Extreme low conscientiousness.