If the Calculation of Cash Flows from Operating Activities Starts

question 27

Multiple Choice

If the calculation of cash flows from operating activities starts with net income,the company:

• A)is using the net income method.
• B)will remove the effects of all noncash items included in the calculation of net income.
• C)is using the direct method.
• D)will add all noncash items not included in the calculation of net income.

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Definitions:

Symbolic Function

Piaget’s term for ability to use mental representations (words, numbers, or images) to which a child has attached meaning.

Pretend Play

A form of play among children where they use their imagination to create scenarios, roles, and activities.

Object Permanence

Piaget’s term for the understanding that a person or object still exists when out of sight.

Centration

In Piaget’s theory, the tendency of preoperational children to focus on one aspect of a situation and neglect others.