The top-down approach to computing the operating cash flow:
A) ignores all noncash items.
B) applies only if a project produces sales.
C) can only be used if the entire cash flows of a firm are included.
D) is equal to sales - costs - taxes + depreciation.
E) includes the interest expense related to a project.

Question

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The Answer of The top-down approach to computing the operating cash flow:
A) ignores all noncash items.
B) applies only if a project produces sales.
C) can only be used if the entire cash flows of a firm are included.
D) is equal to sales - costs - taxes + depreciation.
E) includes the interest expense related to a project.

The Top-Down Approach to Computing the Operating Cash Flow