Almost All U

question 159

Multiple Choice

Almost all U.S.companies have used the indirect method of preparing the statement of cash flows:

• A)because most users of the financial statements do not understand the direct method.
• B)in spite of the FASB's stated preference for the direct method.
• C)because it usually requires less space in the annual report.
• D)so that stockholders cannot determine how much cash was spent on executives' salaries.

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Definitions:

Millennials

A generational cohort born approximately between 1981 and 1996, known for growing up in the digital age.

Menopause

Cessation of menstruation.

Estrogen

A group of hormones predominantly responsible for the development and regulation of the female reproductive system and secondary sex characteristics.

Menstrual Period

The phase in a woman's menstrual cycle involving the shedding of the uterine lining, resulting in bleeding from the vagina.