Turtle Island Music Store reported net income of $200,000.Cash from operations
A)will be more than $200,000.
B)will be less than $200,000.
C)will be equal to $200,000.
D)cannot be determined without more information.

Question

Quizplus · Accepted Answer

Net income does not directly equate to cash from operations due to non-cash expenses, changes in working capital, and other adjustments. More information is needed to determine the cash flow from operations.

Turtle Island Music Store Reported Net Income of $200,000