Julia Is 74 Years Old

question 55

Multiple Choice

Julia is 74 years old.Over the last several years,she has begun salting her food more than she used to.The reason for this is that

• A)her sense of smell has become stronger.
• B)she has gained taste buds.
• C)her taste buds have grown more sensitive.
• D)her sense of taste has diminished.

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Definitions:

Investing Activity

Financial transactions involving the purchase or sale of long-term assets and investments.

Financing Activity

Transactions involving the flow of cash between a company and its investors and creditors, related to equity and debt.

Noncash Investing

Transactions that involve the acquisition or disposal of assets not involving immediate cash flow.

Indirect Method

A method used in cash flow statements to calculate net cash flow from operating activities by adjusting net income for changes in non-cash accounts like accounts receivable, accounts payable, and depreciation.