In the Future, It Appears Likely That

question 161

Multiple Choice

In the future, it appears likely that

• A) the IASB will not allow companies to use the direct approach to the statement of cash flows.
• B) the income statement and statement of financial position (balance sheet) will have headings of operating, investing, and financing, much like the statement of cash flows.
• C) cash and cash equivalents will be combined in a single line item.
• D) None of these answer choices are correct.

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Definitions:

Digestive Tract

The series of hollow organs joined in a long, twisting tube from the mouth to the anus, where digestion of food occurs.

Presynaptic Terminals

The ends of axons where neurotransmitters are stored before being released across the synaptic cleft to transmit nerve impulses.

Axons

Long, threadlike extensions of a nerve cell that transmit electrical impulses away from the neuron's cell body.

Sensory Division

Part of the nervous system responsible for receiving and processing sensory information from the environment.