What Are the Two Methods Used to Prepare the Statement

question 149

Multiple Choice

What are the two methods used to prepare the statement of cash flows?

• A) Indirect and direct
• B) Inflow and outflow
• C) Sources and uses
• D) Cash and noncash

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Definitions:

RFP

An acronym for Request for Proposal, a document that solicits proposals, often through a bidding process, by an agency or company interested in procurement of a commodity, service, or valuable asset.

Conciseness

The quality of being brief and to the point, eliminating unnecessary words without sacrificing clarity.

Microblogging

A form of blogging that allows users to write brief text updates (usually less than 200 characters) and publish them, either to be viewed by anyone or by a restricted audience.

Converting Verb

The process of changing the form of a word from one grammatical category into a verb.