When Using the Report Wizard, Select the Table That ____

question 19

Multiple Choice

When using the Report Wizard, select the table that ____.

• A) contains data to be merged with the report
• B) contains relational links
• C) contains data for the report
• D) contains fields to place the printed data

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Definitions:

Direct Method

A cash flow statement presentation method that shows actual cash inflows and outflows from operating activities, as opposed to the indirect method which starts with net income and adjusts for non-cash transactions.

Cash Basis

A financial recording strategy that logs earnings and expenditures upon the actual receipt or payment of money, as opposed to when they are earned or incurred.

Direct Method

A way of preparing a cash flow statement where cash receipts and payments are reported directly.

Operating Activities

Transactions and other events related to the core business operations, affecting the operational cash flows of a company.