Per FASB Rules, Firms May Use The------Method or The------Method to Calculate

question 40

Short Answer

Per FASB rules, firms may use the------method or the------method to calculate and present cash flow from operating activities.

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Definitions:

Accrued Pension Benefits

The earned portion of a pension that an employee is entitled to receive upon retirement, even if they leave the company before reaching retirement age.

Preretirement Program

A structured set of activities and planning processes intended to prepare individuals for retirement, often including financial planning and lifestyle adjustments.

Retirement Leave

A period of absence from work granted to employees as they transition into retirement, sometimes including benefits.

Family-friendly Benefits

Employee benefits designed to support employees' needs regarding their family responsibilities, such as flexible working hours, childcare services, or parental leave policies.