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Basic Question 1 of 3
Which statement is false regarding EBITDA?
B. It can be viewed as a source of funds to pay interest, dividends, and taxes.
C. It does not include any non-cash expenses and non-cash revenues.
A. It is a proxy for operating cash flow.
B. It can be viewed as a source of funds to pay interest, dividends, and taxes.
C. It does not include any non-cash expenses and non-cash revenues.
User Contributed Comments 1
| User | Comment |
|---|---|
| davidt876 | point here is that it is a 'proxy' for CFO - not equal to it |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe enterprise value multiples and their use in estimating equity value
CFA® 2025 Level I Curriculum, Volume 3, Module 8.