agec 242, chapter 5 - part 2\nany item that appears on an income statement will also show up on a statement…

agec 242, chapter 5 - part 2\nany item that appears on an income statement will also show up on a statement of cash flows. 1 point\ntrue\nfalse\npositive retained farm earnings will increase the cost - basis farm equity.\nif retained earnings are negative, cost - basis equity decreases.\nam i right? skip for now submit answer

agec 242, chapter 5 - part 2\nany item that appears on an income statement will also show up on a statement of cash flows. 1 point\ntrue\nfalse\npositive retained farm earnings will increase the cost - basis farm equity.\nif retained earnings are negative, cost - basis equity decreases.\nam i right? skip for now submit answer

Answer

Brief Explanations:

The income statement is based on the accrual - accounting method and includes non - cash items like depreciation. The cash flow statement only includes actual cash inflows and outflows. So, not all items on the income statement appear on the cash flow statement.

Answer:

B. False