The Reporting of Net Cash Provided or Used by Operating

question 105

Multiple Choice

The reporting of net cash provided or used by operating activities that lists the major items of operating cash receipts, such as receipts from customers, and subtracts the major items of operating cash disbursements, such as cash paid for merchandise, is referred to as the:

• A) Direct method of reporting net cash provided or used by operating activities.
• B) Cash basis of accounting.
• C) Classified statement of cash flows.
• D) Indirect method of reporting net cash provided or used by operating activities.
• E) Net method of reporting cash flows from operating activities.

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Definitions:

Monroe Doctrine

A cornerstone of American foreign policy introduced in 1823, which declared that further efforts by European nations to colonize land or interfere with states in the Americas would be viewed as acts of aggression, requiring U.S. intervention.

European Nations

Countries located on the continent of Europe, known for their diverse cultures, languages, and histories.

Latin America

A region in the Americas characterized by countries that primarily speak Spanish, Portuguese, and French, known for its diverse cultures, history, and significant socioeconomic challenges.

Convention Of 1818

An agreement between the U.S. and Britain that settled the Canada-U.S. border along the 49th parallel for much of its stretch and allowed joint occupancy and settlement of the Oregon Territory.