Which of the Following Best Represents the Group That Expressed

question 95

Multiple Choice

Which of the following best represents the group that expressed to the IASB a strong preference in favor of the direct method of the statement of cash flows?

• A)Public companies
• B)Private companies
• C)Commercial lending officers
• D)None of these

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Definitions:

Trade

The exchange of goods, services, or both between two or more parties, either across international borders or within a single market.

Value

The importance, worth, or usefulness of something, often in economic terms as perceived by the consumer.

Production

The process of creating goods and services through the combination of labor, capital, and resources.

Division of Labor

The allocation of different tasks to different people or groups in an effort to improve efficiency.