Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Investments

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

10th edition

77861671, 978-0077861674

More Books

Students also viewed these Finance questions