Presented Below Is the Operating Activities Section of a Statement

question 66

Multiple Choice

Presented below is the operating activities section of a statement of cash flows for 2014: Which method of preparing the operating activities section was used?

• A)The direct method.
• B)The indirect method.
• C)Either method.
• D)Cannot be determined without further information.

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Definitions:

Borrowing

The act of receiving something from someone with the intention of returning it or its equivalent later.

Decimals

Numerical symbols used in the decimal system, involving a point that separates the whole number from the fractional part.

Household Measurement

A system of units used in cooking and for other household tasks, such as cups, tablespoons, and teaspoons.

Apothecary Unit

Historical term referring to a system of measurement used by pharmacists to prepare, mix, and dispense medicinal drugs, now largely replaced by the metric system.