Assume That the Indirect Method Is Used to Determine Net

question 197

Multiple Choice

Assume that the indirect method is used to determine net cash provided by (used in) operating activities and that Accounts Receivable balance decreased by $10 million during the year.That $10 million should be:

• A)added to net income.
• B)subtracted from net income.
• C)added to investing activities.
• D)subtracted from investing activities.

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Definitions:

Grid Computing

A distributed computing model that uses a network of computers to work together, performing complex tasks by dividing them into smaller jobs.

Supercomputers

Extremely powerful computers with high computational capacity, used for complex tasks such as climate research, bullet simulations, and quantum mechanics.

Legacy Systems

Older technology systems, software, or applications that are still in use, despite the availability of newer versions.

Cloud Computing

The delivery of different services such as storage, databases, servers, networking, software, over the cloud (internet) to offer faster innovation, flexible resources, and economies of scale.