Tom Is Very Anxious About an Upcoming Exam

question 63

Multiple Choice

Tom is very anxious about an upcoming exam.He has no appetite,is easily distracted,and has a headache.What stage of GAS is Tom in?

• A)alarm stage
• B)acceleration stage
• C)resistance stage
• D)exhaustion stage

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Definitions:

Direct Method

A cash flow statement reporting approach that presents major classes of gross cash receipts and payments, providing a clearer view of cash flows from operating activities.

Accrual Basis

An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.

Direct Method

A way of reporting cash flows from operating activities by showing major classes of gross cash receipts and payments.