When using a financial calculator, cash outflows generally have ...

[tth]

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.

[jackie]

Answer to Question 1

TRUE

Answer to Question 2

B