Which Section of the Statement of Cash Flows Is Prepared

question 33

Multiple Choice

Which section of the statement of cash flows is prepared using either the direct or indirect method?

• A)Operating activities
• B)Investing activities
• C)Financing activities
• D)All of these answer choices are correct

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Definitions:

Descent Group

Any kin group whose members share a direct line of descent from a real (historical) or fictional common ancestor.

Clan

An extended unilineal kin group, often consisting of several lineages, whose members claim common descent from a remote ancestor, usually legendary or mythological.

Lineages

Social groups or entities comprised of individuals who trace their ancestry to a common ancestor in a direct line, often playing significant roles in societies' organization.

Ancestor

A person from whom one is descended, often referred to in a familial or cultural context, and sometimes revered.