Question: Which of the following statement is/are correct? 1. A decrease of A/P will report as an increase in cash on Statement of Cash Flows 2.

Which of the following statement is/are correct?

1. A decrease of A/P will report as an increase in cash on Statement of Cash Flows

2. Two firms with identical sales, operating costs and assets will have exactly same amount net income

3. Security analysts often calculates EBITDA if they are concerned about cash generated from a firm's operation

4. An increase of A/R will report an increase in cash on Statement of Cash Flows

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