President George W

question 2

Multiple Choice

President George W.Bush created the Office of Faith-Based and Community Initiatives in January 2001.When President Barack Obama entered office, he

• A) kept the program intact
• B) changed the name of the office to "Belief-Based and Community Initiatives"
• C) eliminated all faith-based programs
• D) continued the program, but with a slight change in emphasis and name

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Definitions:

Indirect Method

The indirect method is a way to calculate cash flow from operations by adjusting net income for changes in non-cash accounts and non-operating items.

Journal

The initial record in which the effects of a transaction are recorded.

Free Cash Flow

The cash that a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Financing Activities

Transactions that involve raising funds for the company through borrowing or issuing equity.