Which of the Following Statements Is True

question 176

Multiple Choice

Which of the following statements is true?

• A) The method of preparing the operating activities section of a statement of cash flows which adjusts net income to remove the effects of deferrals and accruals for revenues and expenses is the direct method.
• B) The method of preparing the operating activities section of a statement of cash flows which reports major classes of gross cash receipts and cash payments for revenues and expenses is the indirect method.
• C) The FASB prefers the indirect method of preparing the operating activities section of the statement of cash flows.
• D) Most companies use the indirect method of preparing the operating activities section of the statement of cash flows.

Know the impact of global warming on the distribution of biomes and species adaptation.

Recognize the role of physical barriers and landmass movements in biodiversity and species distribution.

Grasp the concept of speciation and the processes that lead to it, including vicariance and dispersal.

Understand the concept of biome classification based on climatic conditions and predominant plant life.

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Definitions:

Share Dividend

A dividend payment made in the form of additional shares rather than cash payout to shareholders.

Preference Shares

A class of ownership in a corporation with a fixed dividend, having priority over common shares in asset liquidation and dividends.