A Cash Flow Statement That Is Prepared Under the Direct

question 49

Multiple Choice

A cash flow statement that is prepared under the direct method starts with:

• A)Net income
• B)Gross Profit
• C)None of these
• D)Income from operations

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Definitions:

Disparate Impact

A theory of discrimination based on the effect of certain policies that, while neutral on their face, have a disproportionately adverse effect on a protected group.

Prima Facie Case

A case in which the evidence before trial is sufficient to prove the case unless there is substantial contradictory evidence presented during trial.

Protected Class

Groups of people legally shielded from discrimination under various federal and state laws due to characteristics such as race, religion, gender, or disability.

Age Discrimination in Employment Act

U.S. federal law aimed at protecting employees and job applicants aged 40 and older from discrimination based on age in hiring, promotion, discharge, compensation, or terms, conditions, or privileges of employment.