The First Line Item in the Operating Activities Section of a Spreadsheet

question 28

Multiple Choice

The first line item in the operating activities section of a spreadsheet for a statement of cash flows prepared using the indirect method is:

• A)Cash.
• B)Cash received from customers.
• C)Increase (decrease)in accounts receivable.
• D)Net income.
• E)Adjustments to net income.

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Definitions:

Runtime Error

An error in a program that occurs when a programmer accidentally writes code that divides by zero, a mathematical error.

Algorithm

A set of specific, sequential steps that describe exactly what the computer program must do to complete the required work.

Compiling

The process of converting source code written in a high-level programming language into machine code that a computer's processor can execute.

Interpreting

The process of converting spoken or signed communication from one language to another, facilitating understanding between parties who do not share a common language.