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Which of the following is NOT a reason that cash flow from operating activities differs from net income? -because the income statement is prepared using
Which of the following is NOT a reason that "cash flow from operating activities" differs from "net income"?
-because the income statement is prepared using the accrual basis of accounting
-because "cash flow from operating activities" also contains investing and financing cash flows.
-because of non-cash expenses such as depreciation
-because revenues and expenses may be recorded in different periods than when the associated cash is received or paid
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