Which of the following statements is false?
A) Net Working Capital = Current Assets - Current Liabilities.
B) Because depreciation is not a cash flow, we do not include it in the cash flow forecast.
C) Tax loss carrybacks allow corporations to take losses during the current year and use them to offset income in future years.
D) Earnings are an accounting measure of firm performance.

Question

Quizplus · Accepted Answer

C) Tax loss carrybacks allow corporations to take losses during the current year and use them to offset income in past years.

Which of the Following Statements Is False