Which of the following is not true about the information provided in the income stater O It helps in evaluating the past performance of the enterprise. OIt provides a basis for predicting future performance. O It helps assess the risk or uncertainty of generating future cash flows. O It helps in evaluating working capital.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following is not true about the information provided in the income statement?
OIt helps in evaluating the past performance of the enterprise.
O It provides a basis for predicting future performance.
It helps assess the risk or uncertainty of generating future cash flows.
O It helps in evaluating working capital.
Transcribed Image Text:Which of the following is not true about the information provided in the income statement? OIt helps in evaluating the past performance of the enterprise. O It provides a basis for predicting future performance. It helps assess the risk or uncertainty of generating future cash flows. O It helps in evaluating working capital.
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