An Interest Community Is Different from an Attribute Community Because

question 7

Multiple Choice

An interest community is different from an attribute community because it

• A) describes the development of relationships in a physical area.
• B) is based on the possession of a certain function.
• C) depicts a group of people connected by gender or race.
• D) describes an association among several communities.
• E) depicts a group of individuals addressing a common concern.

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Definitions:

Indirect Approach

A method used in cash flow statements where net income is adjusted for non-cash transactions, deferred revenues, and expenses to calculate cash flow from operating activities.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, reflecting a company's investment strategy.

Financing Activities

Activities that result in changes in the size and composition of the contributed equity and borrowings of the entity, including issuing debt, equity transactions, and paying dividends.

Direct Approach

A method of preparing the statement of cash flows where major categories of gross cash receipts and payments are reported.