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

question 48

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.

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Definitions:

Private Duty Nurses

Nurses who are hired directly by patients or their families to provide individualized care usually at the patient's home.

Embedded

Placed or fixed deeply and firmly within a surrounding mass.

Matrix

(1) In cell biology, the interior of the compartment enclosed by the inner mitochondrial membrane. (2) In zoology, nonliving material secreted by and surrounding connective tissue cells; contains a network of microscopic fibers.

Fibers

Stringy structures in plants that give strength and support; also refers to dietary material containing substances such as cellulose.