Which of the following statements are incorrect: i) Net income represents cash available to pay dividends ii) Net income represents sales minus operating expenses iii) Positive net income increases a company's cash balance iv) Net income represents income that may be distributed to its owners O i, ii, iii & iv O i, iii & iv O ii, iii & iv O i, ii & iii

Which of the following statements are incorrect: i) Net income represents cash available to pay dividends ii) Net income represents sales minus operating expenses iii) Positive net income increases a company's cash balance iv) Net income represents income that may be distributed to its owners O i, ii, iii & iv O i, iii & iv O ii, iii & iv O i, ii & iii

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 32MCQ

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