Explain the Meaning of This Statement: "The Main Idea of This

question 22

Essay

Explain the meaning of this statement: "The main idea of this model is that the teacher first tells the students what they are going to be told, then tells them, and finally tells them what they were told." Support your answer with an example.

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Definitions:

Cash Basis

An accounting method where revenues and expenses are recorded when they are actually received or paid, not when they are incurred.

Operating Activities

The day-to-day functions of a business related to producing and selling its products or services, which are reflected in the cash flow statement.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, reflected in the cash flows of a business.

Direct Method

An accounting method used to allocate service department costs directly to producing departments without considering services rendered between service departments.