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ACC 561 Tutorial Week 6 Quiz

ACC 561 Tutorial Week 6 Quiz - 1) A. B. C. D.

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1) The statement of cash flows is used for _____.  A.   showing the relationship of net income to changes in current assets B.  determining a company’s acceptable level of debt financing C.  revealing commitments that may restrict future courses of action D.  evaluating the creditworthiness of the organization 2) Nonoperating items on the income statement _____.  3) The difference between a single-step and multiple-step income statement is that a single-step income  statement _____.  4) Which one of the following statements is true? 
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