Question: 5. A) What is meant by the term expense? B) what is depreciation and what is its purpose? C) What are some other categories

5. A) What is meant by the term expense? B) what is

5. A) What is meant by the term expense? B) what is depreciation and what is its purpose? C) What are some other categories of expenses? 6. A) What is operating income? B) What is net income and how does it differ from operating income? C) Why is net income called the bottom line? D) What is the difference between net income and cash flow? E) Is financial condition more closely related to net income or to cash flow? A) What ie the hante 7

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