In a Statement of Cash Flows Prepared Using the Direct

question 10

Multiple Choice

In a statement of cash flows prepared using the direct method,if wages payable increased during the year,the cash paid for wages would be

• A) the same as salary expense.
• B) salary expense plus wages payable at the beginning of the year.
• C) salary expense plus the increase in wages payable from the beginning to the end of the year.
• D) salary expense less the increase in wages payable from the beginning to the end of the year.

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Definitions:

Competitive Advantage

A situation or factor that gives a business an advantage or a better standing over its rivals in the industry.

Define

The act of specifying the meaning of a word, phrase, or concept, usually in a clear and precise manner.

Firm's

Belonging to a business organization or company, typically used in the context describing assets, policies, or strategies.

Behavior Segmentation

A marketing strategy that divides consumers into subgroups based on their behavior patterns as they interact with a brand.