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Which of the Following Would Cause Net Income on the Accrual

Question 150

Multiple Choice

Which of the following would cause net income on the accrual basis to be different (either higher or lower) than "cash provided by operating activities" on the statement of cash flows?


A) Recognized depreciation expense on equipment.
B) Incurred operating expenses on account.
C) Paying interest on a note that was accrued in a prior year.
D) All of the above are correct.

Correct Answer:

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