which of the following statements is most correct concerning therelationship between a companys cash budget and its
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Question:
which of the following statements is most correct concerning therelationship between a companys cash budget and its incomestatement?
a. if net income is positive, then cash flow could bepositive or negitive, but if net income is negative, cash flow mustalso be negative.
b. if net income is positive, then cash flow mustbe positive.
c. cash flow could be positive whether net income ispositive or negative.
d. if net income is positive for 3 or moremonths in a row, then cash flow must be positive.
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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