Which of the Following Statements Is FALSE

question 28

Multiple Choice

Which of the following statements is FALSE?

• A)Depreciation is not a cash expense paid by the firm.
• B)Net Working Capital = Cash + Inventory + Payables - Receivables.
• C)Since 1997,companies can "carry back" losses for two years and "carry forward" losses for 20 years.
• D)Earnings do not represent real profits.

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