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Basic Question 0 of 4

Which statement is false regarding EBITDA?

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.
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User Contributed Comments 1

User Comment
davidt876 point here is that it is a 'proxy' for CFO - not equal to it
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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt

Martin Rockenfeldt

Learning Outcome Statements

explain principles and approaches to forecasting a company's financial results and position

CFA® 2025 Level I Curriculum, Volume 3, Module 7.