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    Practical Financial Management Study Set 1
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    Exam 2: Financial Background: a Review of Accounting Financial Statements and Taxes
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    Which of the Following Causes Net Income to Differ from Cash
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Which of the Following Causes Net Income to Differ from Cash

Question 119

Question 119

Multiple Choice

Which of the following causes net income to differ from cash flow?


A) Depreciation
B) The purchase of inventory on credit
C) The sale of merchandise on credit
D) All of the above

Correct Answer:

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