Which of the following questions 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 carry backs 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

Tax loss carrybacks allow corporations to apply current year losses to past years' income to receive a tax refund, not future years.

Which of the Following Questions Is False