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1. A company reported net income of $100,000 and positive net cash flow of $100,000. Does...

1. A company reported net income of $100,000 and positive net cash flow of $100,000. Does net income and a positive net cash flow represent the same thing? Why or why not?

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Net income and net cash flow does not represent the same thing as net income is income from operations after deduction of costs of goods sold, operating expenses and income tax expense and is based accrual basis method and net cash flow is the combination of cash flow from operating, investing and financing activities and is based on Cash basis method.

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