The Difference Between Net Income and Cash Flow May Be

question 213

Multiple Choice

The difference between net income and cash flow may be due to all of the following except:

• A)use of the direct method of presenting cash flows from operating activities.
• B)the company being brand new.
• C)fraudulent financial reporting.
• D)seasonal variations in a company's operating activities.

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Definitions:

Subcultures

Cultural groups within a broader culture, especially those with beliefs or interests at variance with those of the larger culture.

Dominant Culture

The prevailing culture in a society, which often sets norms, values, and practices adopted by the majority.

Subculture

The culture of groups whose values and norms of behavior are somewhat different from those of the dominant culture.

Media

Channels or systems of communication that disseminate information, entertainment, or promotional materials to the public.