Which of the Following Statements Is Correct About Cash Flows

question 5

Multiple Choice

Which of the following statements is correct about cash flows?

• A) Net income is a use of cash.
• B) Net loss is a source of cash.
• C) A decrease in noncash assets is a source of cash.
• D) An increase in noncash assets is a source of cash.

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Definitions:

Therapsids

A group of mammal-like reptiles of the Permian period; gave rise to the mammals.

Chordates

A large phylum of animals that includes all vertebrates as well as several closely related invertebrates, characterized by the presence of a notochord at some stage of their development.

Monotremes

Egg-laying mammals, such as the platypus and echidna, representing a unique branch of the mammalian tree.

Parthenogenesis

The development of an unfertilized egg into an adult organism; common among honeybees, wasps, and certain other arthropods.