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Assuming Revenues Are Received in Cash and Expenses, Except for Depreciation

Question 84

Multiple Choice

Assuming revenues are received in cash and expenses, except for depreciation, are paid in cash, net cash flows for a period are equal to


A) net income minus depreciation expense.
B) net income.
C) net income plus depreciation expense.
D) net income plus income tax expense.

Correct Answer:

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