In Accounting, Emphasis Is Placed on Determining Net Income in Accordance

question 3

True/False

In accounting, emphasis is placed on determining net income in accordance with generally accepted accounting principles.In finance, the primary emphasis is also on net income because that is what investors use to value the firm.However, a secondary financial consideration is cash flow, because cash is needed to operate the business.

---

Definitions:

rTMS

Repetitive Transcranial Magnetic Stimulation, a noninvasive procedure that uses magnetic fields to stimulate nerve cells in the brain to improve symptoms of depression.

ECT

Electroconvulsive Therapy, a psychiatric treatment where seizures are electrically induced in patients to provide relief from mental disorders.

Psychotherapists

Professionals trained to diagnose and treat mental health issues through psychological techniques and therapeutic conversation.

Personality Tests

Standardized assessments used to evaluate individuals' character traits, behaviors, and psychological patterns.