Which Method of Preparing the Operating Activities Section of a Statement

question 147

Multiple Choice

Which method of preparing the operating activities section of a statement of cash flows reports major classes of gross cash receipts and cash payments for revenues and expenses?

• A) The direct method
• B) The indirect method
• C) Both the direct method and the indirect method
• D) Neither the direct method nor the indirect method

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Definitions:

Parasympathetic Nervous System

A branch of the autonomic nervous system responsible for conserving energy and slowing the heart rate.

Central Nervous System

Comprises the brain and spinal cord, functioning as the primary processing center for the entire nervous system and controlling all bodily functions.

Peripheral Nervous System

The part of the nervous system that consists of the nerves and ganglia outside of the brain and spinal cord, which connect the central nervous system to limbs and organs.

Abnormal Behaviour

Actions or patterns of behavior that deviate significantly from societal norms or expectations, often causing distress or functional impairment.