Which of the following statements is false? Multiple Choice O The value of an enterprise should not be based on pre-tax cash flow. O The tax cost to a business should not be regarded as a cost of doing business. O Income tax should be treated as a controllable cost. O Cash flow should be calculated on an after-tax basis.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following statements is false?
Multiple Choice
O
The value of an enterprise should not be based on pre-tax cash
flow.
The tax cost to a business should not be regarded as a cost of
doing business.
Income tax should be treated as a controllable cost.
Cash flow should be calculated on an after-tax basis.
Transcribed Image Text:Which of the following statements is false? Multiple Choice O The value of an enterprise should not be based on pre-tax cash flow. The tax cost to a business should not be regarded as a cost of doing business. Income tax should be treated as a controllable cost. Cash flow should be calculated on an after-tax basis.
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