Which of the following is FALSE?
A) The principal payment on a loan is not an operating expense.
B) Increases in inventory will not decrease net profit.
C) Depreciation decreases net profit but does not decrease cash.
D) The seasonality of a business will not affect cash flow.
Correct Answer:
Verified
Q80: The income statement records
A) sales.
B) cost of
Q81: Which of the following is not the
Q82: Cost of goods sold
A) includes any costs
Q83: Ongoing expenditures, such as general and administrative
Q84: Which of the following is FALSE?
A) A
Q86: Which of the following does not affect
Q87: A first step in calculating breakeven is
Q88: Expenses that are not affected by the
Q89: The minimum level of sales necessary for
Q90: Expenses that are affected by the sales
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