Which of the following is the bottom line on a cash flow statement?
A. net profit
B. cost of goods sold
C. taxes
D. ending cash balance
Answer: D
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Manufacturers are LEAST likely to use premiums for:
A. boosting the future sales of fast moving products. B. persuading prospects to sample the product. C. getting prospects to request further information. D. getting customers to come into the retail store. E. introducing a new product.
Give two examples of billing elements
What will be an ideal response?
Which of the following statements is true?
A) The budgeted balance sheet is prepared after the cash budget. B) The cash budget is prepared before the direct materials purchases budget. C) The production budget is the first budget to be prepared in the master budget. D) Service firms need not prepare a master budget. E) The cost of goods sold budget is prepared before the direct labor and overhead budgets.
Respectively, dividends, revenues, and expenses are:
A) temporary, permanent, and temporary accounts. B) temporary, temporary, and permanent accounts. C) all temporary accounts. D) all permanent accounts.