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Which one of the following statements is not true? If the amount of cash going out exceeds the amount of cash coming in during a
Which one of the following statements is not true?
If the amount of cash going out exceeds the amount of cash coming in during a period, this results in a cash flow deficit.
The difference between income and outflows can be positive or negative.
When inflows exceed outflows, putting money into savings or paying off debts will reduce net worth.
A cash flow surplus enables a person to increase assets or reduce liabilities.
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