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Basic Question 1 of 2
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 |
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davidt876 | point here is that it is a 'proxy' for CFO - not equal to it |

You have a wonderful website and definitely should take some credit for your members' outstanding grades.

Colin Sampaleanu
Learning Outcome Statements
explain sources of differences in cross-border valuation comparisons;
CFA® 2025 Level II Curriculum, Volume 4, Module 23.