Which of the following statements are false? 1. Revenue provides only outward flows of cash. 2. Revenue
Question:
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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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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