Which of the following statements is false?
A)working capital represents assets needed to carry out the normal operations of the business.
B)current liabilities that reflect amounts owed but not yet due on the date of the balance sheet are called accruals.Wages payable are part of a firm's accounts payable,
C)because of accrual accounting, a firm's net income over some period is not necessarily the same as its cash flows.
D)all the above statements are correct.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is false?
A)working capital represents assets needed to carry out the normal operations of the business.
B)current liabilities that reflect amounts owed but not yet due on the date of the balance sheet are called accruals.Wages payable are part of a firm's accounts payable,
C)because of accrual accounting, a firm's net income over some period is not necessarily the same as its cash flows.
D)all the above statements are correct.

Which of the Following Statements Is False