Which of the Following Is Not Correct

question 47

Multiple Choice

Which of the following is not correct?

• A)The payment of stock dividends would be recorded in the cash flow statement.
• B)Activities that do not involve cash are recorded in the cash flow statement.
• C)The direct method of presentation for the cash flow statement can be used under ASPE.
• D)The indirect method of presentation for the cash flow statement can be used under IFRS.

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Definitions:

Metaphor

A figure of speech in which a word or phrase is applied to an object or action to which it is not literally applicable, often to imply a resemblance.

Walmart

Walmart is a multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, known for its large scale and low prices.

Nonunionized Workers

Employees who are not part of a labor union and therefore may not have the same representation or collective bargaining powers as unionized workers.

Minimum Wage

The lowest legal hourly pay that workers can be paid by employers, set by government policy.