GRI Performance Enterprises Uses the Direct Method When Preparing Its

question 78

Multiple Choice

GRI Performance Enterprises uses the direct method when preparing its statement of cash flows. GRI Performance sold equipment with a carrying amount of $8,000 at a gain of $2,500. The
Amount to be reported on the statement of cash flows in the operating activities section is:

• A) $2,500
• B) ($2,500)
• C) $10,500
• D) $0

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Definitions:

Purchasing Process

The series of steps taken by an individual or organization to acquire goods or services, from need identification to payment.

Emotional Appeals

Persuasive techniques that attempt to influence an audience by appealing to their emotions rather than logic or reason.

Logical Appeals

Arguments or persuasive techniques that use reasoning and evidence to convince an audience.

Emotional Appeal

Persuasive approach that calls on audience feelings and sympathies rather than facts, figures, and rational arguments.