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Mice21 [21]
1 year ago
7

if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported o

n the income statement should be equal to its free cash flow. a. true b. false
Business
1 answer:
bezimeni [28]1 year ago
7 0

The statement is FALSE. It is because the free cash flow is calculated using information from the statement of cash flows mostly.

Net income generally can be defined as the gross profit minus all other expenses and revenue sources that are not included in gross income and also costs as well as any other income. Free cash flow or also known as FCF generally a\can be defined as the money a company has left over after paying its operating expenses (OpEx) and also capital expenditures (CapEx). The more free cash flow can allocate to dividends, paying down debt, and growth opportunities is the impact of the more free cash flow a company has.

Learn more about free cash flow here brainly.com/question/14762501

#SPJ4

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Sally is in the business of purchasing accounts receivable. Last year Sally purchased an account receivable with a face value of
Simora [160]

Answer:

Shally will not having any amount of bad debt deduction for the present year.

Explanation:

In the present year, Shally will not having any amount of bad debt deduction because she has a gain or income of $5,000. As, last year she has account receivable of $60,000 but this year she settled the account by receiving the $65,000 amount. So, she has received more amount than the basis in the receivable. Therefore, she will not have any bad debt deduction this year.

8 0
3 years ago
Which of the following is true about the ethics line
Arturiano [62]

Answer: All of the above

Explanation:

The options include:

a. It's available 24 hours a day, 7 days a week.

b. All reports are handled in a highly confidential manner.

c. You do not have to identify yourself on the call.

d. All of the above.

An ethics line refers to the anonymous on-line system which can be used by an employee to report bad behavior or something unethical or illegal.

Ethics line are typically available 24 hours a day, 7 days a week and reports made are confidential. Therefore, the correct option is "All of the above".

8 0
2 years ago
Floraâs car breaks down, leaving her stranded on the highway in the middle of rush hour. as more and more cars drive past her, f
Stella [2.4K]

The reason why the drivers fail to recognize Flora’s need of assistance and help because of the rush hour that they are currently experiencing. Rush hour is the time when there is a heavy traffic and it is most likely makes the drivers more focus that they don’t have the time to pay attention to other people or the surrounding around them. That’s why Flora is having a hard time having or asking someone for assistance.

8 0
3 years ago
Does biden have the political capital to pass his social infrastructure bill
lisov135 [29]

Based on the current political situation, Yes, <u>President Biden</u> has the political capital to pass his social infrastructure bill.

<h3>What is Political Capital?</h3>

Political Capital is a term used to describe the total resources and power established through connections, trust, goodwill, and influence among politicians over time.

Given that President Biden was once a senator and Vice President of the United States, he must have built many cordial relationships among many old-time senators and representative members in the US Congress.

Hence, in this case, it is concluded that the correct answer is " <u>Yes, President Biden has the political capital to pass his social infrastructure bill."</u>

Learn more about Political Capital here: brainly.com/question/7448602

8 0
2 years ago
Read 2 more answers
plss someone give me a 3 examples of business objectives with timeframe (our product is reselling the shoes) plss i need it​
Papessa [141]

Answer:

campaign

store

fundraising

all great examples of buisness objective

7 0
3 years ago
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