Question
The conceptual model for the statement of cash flows is based on which of the following equations? A) Net Income= Revenues - Expenses+ Gains -
The conceptual model for the statement of cash flows is based on which of the following
equations?
A) Net Income= Revenues - Expenses+ Gains - Losses
B) Cash Flows= Operating Activities+ Financing Activities - Investing Activities
C) Assets = Liabilities + Equity
D) Change in Retained Earnings= Net Income - Dividends
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
