How Do Charity Care And Bad Debt Differ In Both Definition And How They Are Trea

  1. How do charity care and bad-debt differ in both definition and how they are treated on financial statements? Explain.
  2. What is the difference between net income and cash flow? In your discussion, include a discussion of what financial statements are used to report these measures.
  3. What are the three types of revenue on an income statement? Explain each.
  4. What is a non-cash expense? Provide some examples. What financial statement are non-cash expenses recorded on?  
  5. What is financial accounting? How does it differ from managerial accounting?

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