Which Statement About Net Profit Is Not True

question 27

Multiple Choice

Which statement about net profit is not true?

• A)Net profit normally represents the amount of cash generated from operations for the period.
• B)Net profit is a measure of achievement or productive effort.
• C)Net profit increases equity.
• D)None of the statements, i.e., all are true.

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Definitions:

Bloodstream

The flowing body fluid that circulates throughout the body, carrying oxygen and nutrients to cells and removing waste products.

Limbic System

A complex system of nerves and networks in the brain, involved in emotions and drives, as well as forming memories.

Chromosomes

Long strands of DNA housed in the nucleus of a cell, which carry genes and function in the transmission of genetic information.

Ribosomes

Cellular structures responsible for protein synthesis in living organisms.