Which of the Following Entities Is Required to Use the Direct

question 8

Multiple Choice

Which of the following entities is required to use the direct method to report its cash flows?

• A) City of Gaston Utility Fund.
• B) United Way.
• C) General Motors.
• D) Oak Grove Water Users Association.

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Definitions:

Design Thinking

A methodology used for solving complex problems and finding desirable solutions for clients. It draws upon logic, imagination, intuition, and systemic reasoning, to explore possibilities of what could be and to create desired outcomes that benefit the end user.

Human-Centric

An approach that places human values, needs, and well-being at the center of decision-making and development processes.

Empathic Understanding

The ability to understand and share the feelings of another person from their perspective as a means to better cater to their needs and expectations.

Business Analysis

The practice of identifying business needs and determining solutions to business problems.