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Author Question: When using a financial calculator, cash outflows generally have to be entered as negative numbers, ... (Read 52 times)

tth

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on: Jul 11, 2018
When using a financial calculator, cash outflows generally have to be entered as negative numbers,
  because a financial calculator sees money leaving your hands.
 
  Indicate whether the statement is true or false

Question 2

An income statement may be represented as follows:
 
  A) Revenues - Liabilities = Net Income. B) Sales - Expenses = Profits.
  C) Sales - Liabilities = Profits. D) Sales - Expenses = Retained Earnings.
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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jackie

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Reply #1 on: Jul 11, 2018
Answer to Question 1

TRUE

Answer to Question 2

B


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