Under the Direct Method of Preparing a Statement of Cash

question 156

True/False

Under the direct method of preparing a statement of cash flows, the gain on the sale of land is not adjusted or reported as part of cash flows from operating activities.

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Definitions:

Henry Murray

An American psychologist who developed the theory of needs and the Thematic Apperception Test (TAT) for personality assessment.

Personality Psychology

The study of individual differences in personality and how they affect behavior and mental processes.

Psychogenic Needs

Psychological desires or requirements that motivate individuals to act in certain ways, often described in terms of satisfaction and emotional well-being.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, often considered in psychology as patterns of thought, feeling, and behavior.