Examlex

Solved

A Company Uses the Direct Method to Prepare the Statement

question 136

Multiple Choice

A company uses the direct method to prepare the statement of cash flows. It presents the following amounts on its financial statements: A company uses the direct method to prepare the statement of cash flows. It presents the following amounts on its financial statements:   *Relates solely to the acquisition of inventory Which of the following is correct about the accounts receivable in the operating activities category in the statement of cash flows? A) The increase of $115,000 will be subtracted from net income. B) The increase of $115,000 will be subtracted from sales to determine cash received from customers. C) The increase of $115,000 will be added to sales to determine cash received from customers. D) The increase of $115,000 will be added to net income. *Relates solely to the acquisition of inventory
Which of the following is correct about the accounts receivable in the operating activities category in the statement of cash flows?

Comprehend the variance in education processes for gifted and talented students across the U.S.
Gain knowledge about the prevalence and characteristics of autism spectrum disorder.
Discuss the educational strategies for children with special needs, including the concept of inclusion and specialized assistance.
Understand the principles and applications of response to intervention (RTI) in educational settings.

Definitions:

Psychological Dependence

A form of dependence characterized by a perceived need to use a substance for its mental effects, often leading to cravings and misuse.

Middle Adulthood

A stage of life typically characterized as occuring between the ages of 40 and 65, marked by personal, professional, and familial achievements and challenges.

Chronic Illnesses

Long-term health conditions that are persistent or otherwise have lasting effects on an individual's well-being, such as diabetes or heart disease.

Death Rate

The ratio of deaths in an area to the population of that area; expressed per 1000 per year.

Related Questions