How do charity care and bad-debt differ in both definition

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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?

Reference no: EM132632497

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