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Case-Based Critical Thinking Questions
Case 4-1
In PowerPoint 2016, Jake wants to change the slide background to a photo on his computer. He is walking through a tutorial given to him by a co-worker.
-To add a picture to the Slide background, Jake first clicks the _____ tab.
Indirect Method
A cash flow statement approach that adjusts net income for non-cash transactions and changes in working capital to calculate cash flow from operations.
Operating Activities Section
Part of a cash flow statement that shows the cash generated or used by a company’s core business operations.
Equipment Sold
Refers to assets that were once part of a company’s operational resources but have been disposed of in exchange for cash or other assets.
Accounts Receivable
Amounts owed to a company by customers for goods or services that have been delivered or used but not yet paid for.
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