If the Destination File Is Closed When You Change Data

question 16

True/False

If the destination file is closed when you change data in the source file,the destination file does automatically update to match the source file.

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Definitions:

Operating Activities

Activities that involve the primary, day-to-day operations of a business, such as sales, supply chain management, and general administrative tasks.

Indirect Method

An approach used in cash flow statement preparation, where net income is adjusted for non-cash transactions and changes in working capital.

Cash Flow

The total amount of money being transferred into and out of a business, especially as affecting liquidity.

Operating Activities

Activities related directly to the primary, day-to-day operations of a business, including sales, production, and administrative functions.