Profit = Cash?
About the Lecture
The lecture Profit = Cash? by Clint Locke is from the course Archiv - Financial Accounting: Understanding the Big Picture. It contains the following chapters:
- Introduction
- Example
Included Quiz Questions
Which statement is correct?
- We record revenue when earned and expenses when incurred.
- Cash and profit are the same.
- Profit does not equal cash but cash equal profit.
- The income statement tells us how much cash we receive.
Author of lecture Profit = Cash?
Clint Locke
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