The management of "Scott" company decided to "beautify" the financial statements by changing the depreciation period of the equipment from 8 years to 15 years. What will be the effect of this change on the company's financial statements? A. Cash flow from current operations will increase. B. Net profit will decrease. third. Cash flow from investing activities will decrease. d. Net profit will increase. e. Answers A to D are incorrect.

The management of "Scott" company decided to "beautify" the financial statements by changing the depreciation period of the equipment from 8 years to 15 years. What will be the effect of this change on the company's financial statements? A. Cash flow from current operations will increase. B. Net profit will decrease. third. Cash flow from investing activities will decrease. d. Net profit will increase. e. Answers A to D are incorrect.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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