The Only Part That Differs in a Statement of Cash

question 28

Multiple Choice

The only part that differs in a statement of cash flows using the direct method from one using the indirect method is the:

• A)financing activities section.
• B)investing activities section.
• C)operating activities section.
• D)non-cash investing and financing activities section.

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Definitions:

Expressed

Expressed in a straightforward or obvious manner; explicitly revealed.

Proposition Not-p

A proposition that negates another proposition, symbolically represented as ¬p.

Contraries

Statements, ideas, or actions that are opposed to each other; in logic, two propositions are contraries if they cannot both be true but can both be false.

Negated

Made ineffective or invalidated; in logic, a proposition that denies or contradicts another proposition.