Under the Direct Method of Preparing the Statement of Cash

question 57

Multiple Choice

Under the direct method of preparing the statement of cash flows, to determine collections from customers:

• A)beginning accounts receivable is subtracted from sales.
• B)ending accounts receivable is added to sales.
• C)the net change in accounts receivable is added or subtracted from sales.
• D)none of the above is true.

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Definitions:

Ethnic Minorities

Ethnic minorities refer to groups within a larger society that have distinct ethnic, racial, or cultural identities and may be subject to differential treatment or discrimination.

Academic Success

The achievement of educational goals, such as high grades, good test scores, and timely graduation.

Autonomous Group

A group that operates independently or self-governs without external control, often in the context of social, cultural, or political organizations.

Cultural Difference

The variation in norms, values, beliefs, and practices that exist between individuals or groups from different cultural backgrounds.