Which of the following is impossible?
A) Profit for the year is less than cash from operating activities.
B) Profit for the year is greater than cash from operating activities.
C) Profit for the year is equal to cash from operating activities.
D) None of the three above is impossible.

Question

Quizplus · Accepted Answer

All the scenarios are possible because profit and cash from operating activities can differ due to non-cash expenses, changes in working capital, and timing differences between revenue recognition and cash receipts.

Which of the Following Is Impossible