ACC 423

ACC 423 Final Exam-LATEST UPDATE-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 _____. A. are revenues and expenses arising from adjusting entrie...