TRUE OR FALSE

1)Accumulated Depreciation is reported as a liability on the balance sheet?

2) A company that generates a profit for two consecutive years will have a positive operating cashflow in at least one of the two years?

3) If a company reports a profit this year, sells only for cash ( no accounts receivable), and hold no inventory, then it must generate positive operating cashflow?

4) A company that reports a loss on its income statement will have less cash at the end of the year than at the begining of the year? Choices below For Q4

a) Always B) Sometimes C) Never