The Direct Approach Differs from the Indirect Approach with Regard

question 38

Multiple Choice

The direct approach differs from the indirect approach with regard to results in which section of the cash flow statement?

• A)Operating activities
• B)Investing activities
• C)Financing activities
• D)There is no difference between the two approaches

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Definitions:

Oceanic Crust

The relatively thin part of the Earth's crust that underlies the ocean basins, composed mainly of basaltic rock.

Land Bridges

Natural connections between separate landmasses, allowing animals and humans to migrate from one area to another.

Frozen Earth

Describes periods in Earth's history when ice sheets and glaciers covered significant portions of the planet's surface.

Subduction

The process by which one tectonic plate moves under another tectonic plate and sinks into the mantle as the plates converge.