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Which of the following statements concerning net income versus cash flow is most correct?
Net income is a rough measure of a businesss cash flow.
Net income can be converted into a rough measure of cash flow by adding noncash expenses, typically depreciation.
Net income can be converted into a rough measure of cash flow by adding nonoperating income.
Net income can be converted into a rough measure of cash flow by adding the provision for bad debts.
None of the above statements are correct.
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