The Main Function of the __________ Is to Ensure That

question 124

Multiple Choice

The main function of the __________ is to ensure that trade flows as smoothly,predictably,and freely as possible.

• A) World Bank
• B) European Union
• C) GATT
• D) WTO
• E) IMF

---

Definitions:

Indirect Method

A method of reporting cash flows from operating activities by adjusting net income for changes in non-cash accounts.

Direct Method

A way of preparing the cash flow statement where actual cash flow information from the company's operations is used.

Operating Activities

Transactions and events that affect net income, primarily related to the core operations of a business.

Direct Method

An approach to cash flow statement preparation that lists major classes of gross cash receipts and payments.