The Cash Flow Statement begins with which of the following?

A. Net Income

B. Gross Income

C. Net Sales

D. Gross Sales

Gross Profit - Operating Expenses =

A. COGS

B. EBIT

C. Operating Income

D. Net Sales

Cash Flow Statements communicate which of the following?

A. Cash Flow Positive or Cash Flow Diminutive

B. Cash Flow Negative or Cash Flow Reductive

C. Cash Flow Positive or Cash Flow Generative

D. Cash Flow Generative or Cash Flow Negative

Which of the following is a typical deduction from Gross Sales?

A. Sales Allowances

B. Sales Discounts

C. Sales Returns

D. All of the Above