Which Statement Is TRUE Regarding the Direct Method of Preparing

question 67

Multiple Choice

Which statement is TRUE regarding the direct method of preparing the statement of cash flows?

• A)Depreciation is a cash payment under operating activities.
• B)Sales on credit is listed under cash receipts in the operating section.
• C)Collections from customers are the cash receipts listed in the operating section.
• D)Proceeds from the issuance of long-term debt is listed as a cash receipt in the operating section.

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Definitions:

Patriarchal Societies

Societies that are structured with males as the primary authority figures, central to social organization, and where fathers hold authority over women, children, and property.

Procreation

The biological process of reproducing offspring; the act of bringing new life into existence.

Conditioning

A process of behavior modification in which a subject learns to respond in a desired manner to a previously neutral stimulus that has been repeatedly presented along with an unconditioned stimulus that elicits the desired response.

Behaviourist

Referring to the school of psychology that focuses on observing and controlling behavior as the main source of psychological research and theory.