Which of the Following Could Account for a Firm That

question 90

Multiple Choice

Which of the following could account for a firm that has a negative net income,yet has a positive amount of cash provided by operations?

• A) The net loss was greater than the amount of depreciation expense.
• B) Inventory increased significantly more than accounts payable.
• C) Accounts receivable decreased by significantly more than accounts payable.
• D)Cash balances declined to the desired amount.

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Definitions:

Senior Accountant

An experienced accounting professional responsible for managing financial records, preparing reports, and ensuring compliance with financial regulations.

Taft-Hartley Act

The Taft-Hartley Act is a 1947 U.S. federal law that restricts the activities and power of labor unions.

National Labor Relations

Pertains to the laws and regulations governing the rights of employees and employers, particularly regarding collective bargaining and workplace disputes.

Equal Employment Opportunity Commission

A federal agency that administers and enforces civil rights laws against workplace discrimination in the United States.