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Basic Question 1 of 2

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.
Check Answer Next Q Print

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 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

Barnes

Learning Outcome Statements

explain sources of differences in cross-border valuation comparisons;

CFA® 2026 Level II Curriculum, Volume 4, Module 23.