When Preparing a Statement of Cash Flows,in Which Section Is

question 5

Multiple Choice

When preparing a statement of cash flows,in which section is it permitted to use either the direct method or the indirect method?

• A)Operating activities
• B)Investing activities
• C)Financing activities
• D)All of these answer choices are correct

---

Definitions:

Innovation Process

The series of steps involved in developing and implementing new ideas, products, or methods within an organization.

Identifying Advantages And Disadvantages

the process of analyzing the positive aspects and negative aspects of a situation or decision.

Societal Problem

Issues and challenges that affect a significant number of people within a society, threatening its cohesion, wellbeing, and progress.

Innovation Process

A systematic approach involving the generation, development, and implementation of new ideas or products that create value.