. Assuming revenues are received in cash and expenses, except for depreciation, are paid in cash, net cash flows for a period are equal to

A) net income.

B) net income plus income tax expense.

C) net income minus depreciation expense.

D) net income plus depreciation expense.



. The point at which products are separated in a joint production process is the

A) joint product point.

B) separation point.

C) breakeven point.

D) split-off point.