Net Income on the Income Statement is equal to the amount of cash generated by the business.

Name: Net Income on the Income Statement is equal to the amount of cash generated by the business.
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Question

Quizplus · Accepted Answer

Net income on the Income Statement is not necessarily equal to the amount of cash generated by the business, as it includes non-cash items such as depreciation and amortization, and may also include changes in working capital.

Net Income on the Income Statement Is Equal to the Amount