Profit for the Year Differs from Net Cash from Operations

question 77

Multiple Choice

Profit for the year differs from net cash from operations because of all the following except:

• A) Non-cash expenses such as depreciation.
• B) Timing differences between recognizing revenue and expenses and their cash flows.
• C) Gains and losses included in profit for the year but classified as investing or financings activities.
• D) All of the above will cause a difference between profit for the year and cash flows.

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Definitions:

Stimulant

A substance that raises levels of physiological or nervous activity in the body, commonly used to enhance alertness, attention, and energy.

Amphetamines

A class of stimulant drugs that increase activity in the brain and have effects such as increased energy and alertness.

Mescaline

A hallucinogenic drug derived from certain cacti, notably the peyote cactus.

Stimulants

Drugs that speed up activity in the central nervous system.