Multiple Choice
Which of the following could account for a firm that has a negative net income,yet has a positive amount of cash provided by operations?
A) The net loss was greater than the amount of depreciation expense.
B) Inventory increased significantly more than accounts payable.
C) Accounts receivable decreased by significantly more than accounts payable.
D) The cash balance increased significantly.
Correct Answer:

Verified
Correct Answer:
Verified
Q26: The income statement resembles a snapshot of
Q27: Which one of the following expense categories
Q28: Accrual accounting,which attempts to match sales revenues
Q29: Which one of these will increase a
Q30: To calculate free cash flow,you must deduct
Q32: What is the most likely conclusion for
Q33: Accounting practices are currently standardized across all
Q34: Suppose Dee's just acquired the assets of
Q35: Which one of the following statements is
Q36: Depreciation charge is a cash payment.