Which of the Following Statements Is false

question 32

Multiple Choice

Which of the following statements is false?

• A) The method of preparing the operating activities section of a statement of cash flows which adjusts net income to remove the effects of deferrals and accruals for revenues and expenses is the indirect method.
• B) The method of preparing the operating activities section of a statement of cash flows which reports major classes of gross cash receipts and cash payments for revenues and expenses is the direct method.
• C) The FASB prefers the direct method of preparing the operating activities section of the statement of cash flows.
• D) Most companies use the direct method of preparing the operating activities section of the statement of cash flows.

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Definitions:

Individual Subject

An individual subject refers to a single human participant in a research study, emphasizing the focus on personal characteristics and responses.

In-depth Investigation

An extensive and thorough examination or inquiry into a subject or issue to uncover details, causes, effects, and solutions.

Prefrontal Cortex

The part of the frontal lobes of the brain located in front of the motor and premotor areas, involved in complex cognitive behavior, personality expression, decision making, and moderating social behaviour.

Antisocial Adults

Individuals who exhibit patterns of behavior that are socially irresponsible, exploitative, and guiltless, often violating the rights of others.