Which of the following statements are correct? I. A company's choice of accounting principles for financial reporting purposes affects net cash flow for the accounting period. II. A company's choice of accounting principles for
Which of the following statements are correct? I. A company's choice of accounting principles for financial reporting purposes affects net cash flow for the accounting period. II. A company's choice of accounting principles for
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Which of the following statements are correct?
I. A company's choice of accounting principles for financial reporting purposes affects net cash flow for the accounting period.
II. A company's choice of accounting principles for financial reporting purposes does not affect operating cash flow.
III. If a company sells its receivables, this will increase operating cash flow.
IV. If a company sells its receivables, this will increase financing cash flow
Select one:
A. I and III
B. I,II and III
C. II and IV
D. I and IV
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