Which of the following statements are false? 1. Revenue provides only outward flows of cash. 2. Revenue

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Which of the following statements are false?

1. Revenue provides only outward flows of cash.

2. Revenue is a subdivision of Assets.

3. Revenue provides an inward flow of cash or accounts receivable.

4. Expenses are part of Total Assets.

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College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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Question Posted: Feb 28, 2020 12:29 PM

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Which of the following statements are false? 1. Revenue provides only outward flows of cash. 2. Revenue

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College Accounting A Practical Approach

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