When Analyzing the Changes on a Spreadsheet Used to Prepare

question 217

Multiple Choice

When analyzing the changes on a spreadsheet used to prepare a statement of cash flows,the cash flows from operating activities generally are affected by:

• A)Net income,current assets,and current liabilities.
• B)Noncurrent assets.
• C)Noncurrent liability and equity accounts.
• D)Both noncurrent assets and noncurrent liabilities.
• E)Equity accounts only.

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Definitions:

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The recognition and understanding of words and their meanings, including their structure and the relationships between them.

Formal Operational Thought

The stage of cognitive development, according to Piaget, characterized by the ability to think logically about abstract propositions and test hypotheses systematically.

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An individual’s ability to recall or recognize previous experiences or information.

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