Two-Year-Old Mac Arranges His Blocks into the Form of a Smiley

question 79

Multiple Choice

Two-year-old Mac arranges his blocks into the form of a smiley face. In which play type is Mac engaged?

• A) constructive
• B) unoccupied
• C) onlooker
• D) parallel

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Definitions:

Statement of Cash Flows

This report details the fluctuations in balance sheet accounts and how income influences cash and cash equivalents, categorizing these changes into operating, investing, and financing sections.

Operating Activities

Activities that relate to the primary operations of a company, influencing its net cash flow from operating income.

Indirect Method

A way of reporting net cash flow from operating activities in the statement of cash flows by adjusting net income for changes in working capital items and non-cash transactions.

Statement of Cash Flows

This financial statement provides an overview of a company's cash inflow and outflow over a period, detailing sources and uses of cash from operating, investing, and financing activities.