Indicate whether the following statements are (True) or (False) and correct the false statementsProfit maximization is the main goal of a business organization.The net accounting profit is the difference between the cash inflows and cash outflows of a given project.Financial markets are intermediaries that channel the savings of individual, businesses, and governments into loans or investments.

True and False are given as under-

Answered: Profit maximization is the main goal of…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 26BE

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Indicate whether the following statements are (True) or (False) and correct the false statements

Profit maximization is the main goal of a business organization.
The net accounting profit is the difference between the cash inflows and cash outflows of a given project.
Financial markets are intermediaries that channel the savings of individual, businesses, and governments into loans or investments.

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