Assume Revenues Are Received in Cash and Expenses,except for Depreciation,are

question 53

Multiple Choice

Assume revenues are received in cash and expenses,except for depreciation,are paid in cash.Based on this assumption,which of the following statements is true?

• A)Net cash flows for a period are equal to net income minus depreciation expense.
• B)Net cash flows for a period are equal to net income.
• C)Net cash flows for a period are equal to net income plus depreciation expense.
• D)Net cash flows for a period are equal to net income plus income tax expense.

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Definitions:

Check References

The process of verifying the qualifications, experience, and suitability of job applicants by contacting their provided references.

Department Manager

A role within an organization responsible for managing the operations, staff, and budget of a department.

Applicants

Individuals who apply or show interest in a job position or educational program.

Recruit Externally

The process of hiring employees from outside the organization rather than promoting from within.