Which of the Statements Below Is FALSE

question 7

Multiple Choice

Which of the statements below is FALSE?

• A)The textbook uses the framework of the income statement to find the operating income of the company (an accounting measure)and then makes adjustments to find the true cash flow from operations.
• B)In accrual-based accounting,revenue is recorded at the time of sale if the revenue has been received in cash.
• C)Three fundamental issues separate net income and cash flow: accrual-based accounting,noncash expense items,and interest expense.
• D)Generally Accepted Accounting Principles (GAAP)in the United States allow the use of accrual accounting to record revenue.

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Definitions:

Attitude

Feelings, often influenced by our beliefs, that predispose us to respond in a particular way to objects, people, and events.

Behavior

The actions or reactions of a person or animal in response to external or internal stimuli.

Situational Influences

Situational influences refer to external factors that can affect an individual's behavior in a given context, including the physical environment, social interactions, and cultural norms.

Personal Influences

The effects that the personal characteristics, beliefs, attitudes, and actions of individuals have on their own or others' thoughts, feelings, and behaviors.