Prepare the Operating Activities Section of a Statement of Cash

question 10

Essay

Prepare the operating activities section of a statement of cash flows using one of two approaches: (a) the indirect method or (b) the direct method.
(a)the indirect method or
(b)the direct method.The first step in the preparation of a statement of cash flows is to determine the net cash provided (used) by operating activities using either the indirect or direct method (preferred).In the indirect method, we convert profit from an accrual basis to a cash basis.In the direct method, we convert each individual revenue and expense account from an accrual basis to a cash basis.

Understand what an argument by analogy is and how it functions.

Identify the necessary components of a strong argument by analogy.

Differentiate between inductive and deductive steps in an argument by analogy.

Analyze the logical strength and weakness of arguments by analogy.

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Definitions:

Exxon Valdez

The Exxon Valdez was an oil tanker whose 1989 spill off the coast of Alaska resulted in one of the most significant environmental disasters in U.S. history.

Conservatives

Political individuals or groups advocating for tradition, resistance to radical change, and the preservation of established institutions.

David Souter

A retired Associate Justice of the Supreme Court of the United States, known for his moderate to liberal viewpoints during his tenure from 1990 to 2009.

William Brennan

An influential Associate Justice of the U.S. Supreme Court, known for his progressive views and serving from 1956 to 1990.