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stranahan stranahan
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7 years ago
Which of the following statements is true?
A) The finance manager uses the framework of the income statement to find the operating income of the company (an accounting measure), which is also the true cash flow from operations.
B) Generally accepting accounting principles (GAAP) in the United States do not allow the use of accrual accounting to record revenue.
C) Three fundamental issues separate net income and cash flow: accrual accounting, noncash expense items, and interest expense.
D) In accrual-based accounting, revenue is recorded at the time of sale if the revenue has been received in cash.
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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waspchichesterwaspchichester
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you very much for this. It's really helpful.
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