The Extent to Which a Firm Adjusts Net Income for Changes

Multiple Choice

The extent to which a firm adjusts net income for changes in noncurrent assets and noncurrent liabilities in deriving cash flow from operations depends on the nature of its operations. Some firms use _____ to finance the working capital needs.

A) suppliers
B) equity financing
C) short-term borrowing
D) long-term borrowing
E) all of the above