Charles Is Having a Lot of Problems with Errors in a Very

question 45

Multiple Choice

Charles is having a lot of problems with errors in a very complicated spreadsheet that he inherited from a colleague, and he turns to another co-worker, Seymour, for tips on how to trace errors in the sheet.
-If Charles sees red tracer arrows that means there is an error in the value being received from the precedent cell or passed to the _______ cell.

• A)child
• B)precedent
• C)dependent
• D)contingent

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Definitions:

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for changes in balance sheet account balances to calculate cash flow from operating activities.

Statement Of Cash Flows

A document detailing the inflows and outflows of cash within a company, categorized into operating, investing, and financing sections, essential for assessing financial health.

Operating Section

Part of an income statement that discloses revenues and expenses related directly to the core business operations.

Direct Method

A cash flow statement approach that lists major payments and receipts within operating activities directly.