Which of the Following Is Not True Regarding the Statement

question 119

Multiple Choice

Which of the following is not true regarding the Statement of Cash Flows for proprietary funds?

• A) Four categories of cash flows are used.
• B) Interest and dividends received are recorded as investing activities.
• C) The direct method is required for reporting cash flows from operations.
• D) At the bottom of the statement, net income is reconciled to cash flows from operations.

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Definitions:

Haploid Gamete

A reproductive cell, such as a sperm or egg, that contains a single set of chromosomes and thus only one allele for genetic traits.

Prophase I

The first phase of meiosis I, where chromosomes condense, pair up, and exchange segments in a process called crossing-over.

Tetrads

Groups of four chromatids formed by the pairing of two homologous chromosomes during meiosis.

M Phase

That part of the cell cycle in which mitosis and cytokinesis occur.