The Indirect Method for the Preparation of the Statement of Cash

question 249

Multiple Choice

The indirect method for the preparation of the statement of cash flows ________.

• A)is recommended by the FASB
• B)is not in conformity with GAAP
• C)is the preferred method used by businesses
• D)is not in conformity with IFRS

---

Definitions:

General Managers

Executives responsible for managing the overall operations of an organization or its major parts, often involved in strategic decision-making.

Political Networks

Networks of social, professional, or political connections that facilitate the sharing of information, influence, and power among individuals or organizations.

Informal Small Talk

Casual and light conversation about non-work-related topics that helps build relationships among colleagues.

Performance

A measurement of how effectively individuals, groups, or organizations meet their goals or objectives.