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200-201
  • Exam Code: 200-201
  • Exam Name: Understanding Cisco Cybersecurity Operations Fundamentals
  • Version: V15.95
  • Q & A: 258 Questions and Answers

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NEW QUESTION: 1
Clay's Construction Company does work on large construction contracts that take many years to complete. Before they become a public company they are trying to decide which method of recognizing revenue they should use for financial reporting only. If they decide to use percentage of completion rather than completed contract, the effect will be:
A. lower net income, higher cash flow.
B. smoother net income, the same cash flow.
C. higher net income, lower cash flow.
Answer: B
Explanation:
Choice of accounting method does not affect cash flow.

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