please answer the following 2 questions: 3. Any Loss in the Income statement should be: a) added to the net income because they are non-cash activities b) added to the net income because they are cash activities c) deducted from the net income because they are non-cash activities d) deducted from the net income because they are cash activities 4. Any increase in Current Assets should be a) Dedected from Net Income b) It depends on the circumstances c) Added to Net Income d) None of the above.
please answer the following 2 questions:
3. Any Loss in the Income statement should be:
a) added to the net income because they are non-cash activities
b) added to the net income because they are cash activities
c) deducted from the net income because they are non-cash activities
d) deducted from the net income because they are cash activities
4. Any increase in Current Assets should be
a) Dedected from Net Income
b) It depends on the circumstances
c) Added to Net Income
d) None of the above.
The cash flow statement summarises a company's capacity to earn cash and satisfy its commitments, in addition to its investment and financing operations. It is an important tool for financial analysis, and it is frequently used in conjunction with other financial statements, including the income statement and balance sheet, to assess a company's financial performance as well as its health.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
