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General Accounting Discussions: NET INCOME

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  1.  
    • CommentAuthorlucine1
    • CommentTimeJan 30th 2008
     
    Question: What are at least 2 factors that might contribute to the situation of increasing net income but falling cash balances and how would an income statement, balance sheet or CF statement be of assistance in confirming the dactors above?
    • CommentAuthorsbaboom
    • CommentTimeFeb 15th 2008 edited
     
    decreasing liability
    • CommentAuthorjake
    • CommentTimeJun 18th 2008
     
    Cash is a Balance Sheet item

    Net Income is a P&L item

    Net Income is increased when either Monthly Income has increased or monthly expense has decreased or a combination of both.

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