When Preparing the Statement of Cash Flows by the Indirect

question 100

Multiple Choice

When preparing the statement of cash flows by the indirect method,if current assets have decreased,the difference is:

• A)added to net income.
• B)added to investments.
• C)deducted from net income.
• D)subtracted from investments.

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Definitions:

Willing To Pay

The maximum amount a consumer is prepared to spend on a good or service, reflecting the perceived value or utility gained from the purchase.

Ticket

A token or voucher that entitles the holder to admission to an event, activity, or service.

Consumer Surplus

the difference between what consumers are willing to pay for a good or service and what they actually pay.

Market Price

The price at which a product or service is sold in the open market, determined by supply and demand.