In Developing the Cash Flows from Operating Activities, Most Companies

question 76

Multiple Choice

In developing the cash flows from operating activities, most companies in the United States

• A)use the direct method.
• B)use the indirect method.
• C)present both the indirect and direct methods in their financial reports.
• D)prepare the operating activities section on the accrual basis.

---

Definitions:

Intergroup Behaviour

The interactions and relationships between different groups, often characterized by dynamics such as cooperation, competition, and conflict.

Ethnocentrism

The conviction that one's own ethnic group or culture is superior by nature, typically coupled with contempt for different groups.

Social Identity

That part of the self-concept that derives from our membership in social groups.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a feeling of contempt for other groups.