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  3. 12. if cash balance at the beginning of the accoun

12. If cash balance at the beginning of the accounting period was equal to cash...

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Accounting

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12. If cash balance at the beginning of the accounting period was equal to cash balance at the end of the accounting period, this means that: * (3 Points) The firm has incurred more expenses than it has earned revenues The firm has earned more revenues than it has incurred expenses Cash outflow was more than cash inflow during that period Cash inflow was more than cash outflow during that period Cash inflow was neither more nor less than cash outflow during that period 13. If "Company A" has an operating cycle of 6 months, Which of the following would be classified as "Non-current assets": (3 Points) Plant expansion fund Cash restricted in the bank for 8 months Account receivable to be received in 10 months Inventory that has been in hand for 30 months Pension obligation Activate wi GO TO Settings

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