The First Step in Preparing a Statement of Cash Flows

question 14

Multiple Choice

The first step in preparing a statement of cash flows is to

• A) calculate changes in balance sheet accounts.
• B) calculate the amortization expense.
• C) adjust retained earnings.
• D) calculate changes in income statement accounts.

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Definitions:

Surprising Events

Events that are unexpected and can have significant impacts on our psychological state or behavior.

AESOP Model

A theoretical framework or model, but without specific contextual details provided, it is difficult to determine its precise focus or application. NO.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, triggers a conditioned response.

Emotive Conditioned Response

A learned emotional reaction to a previously neutral stimulus that has become associated with another stimulus that elicits an emotional response.