Question
In creating and interpreting the items on a firm's balance sheet as related to the statement of cash flows all of the following are incorrect
In creating and interpreting the items on a firm's balance sheet as related to the statement of cash flows all of the following are incorrect except:
| A decrease in assets is interpreted as a source of cash flow | ||
| A decrease in liabilities is interpreted as a source of cash flows | ||
| An increase in cash is interpreted as a source of cash flows | ||
| None of the answers provided is correct. |
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Cornerstones Of Managerial Accounting
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
4th Edition
978-0538473460, 0538473460
