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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 passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe enterprise value multiples and their use in estimating equity value
CFA® 2024 Level I Curriculum, Volume 3, Module 8.