Which Method of Preparing the Statement of Cash Flows Reports

question 101

Multiple Choice

Which method of preparing the statement of cash flows reports all cash payments and cash receipts from operating activities?

• A)Indirect method
• B)Comprehensive method
• C)Reporting method
• D)Direct method

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Definitions:

Cenozoic

The current geological era, beginning 66 million years ago and marked by significant evolutionary developments.

Punctuated Equilibrium

A hypothesis that new organisms or new characteristics of an existing organism appear rather suddenly in geologic terms instead of evolving gradually.

Fossil Record

The totality of fossilized plants and animals found in the earth's crust, providing evidence of past life forms.

Evolution

The observed changes in the fossil record or in living organisms; also used to refer to theories that help explain the observed changes.