The Indirect Method of Preparing the Statement of Cash Flows

question 17

Multiple Choice

The indirect method of preparing the statement of cash flows:

• A) is more commonly used in practice than the direct method
• B) is preferred by the Accounting Standards Board over the direct method
• C) produces a different amount for cash flows from operating activities than the direct method
• D) produces a different amount for cash flows from investing activities than the direct method

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Definitions:

Bulbourethral Gland

One of the two small glands found in the male reproductive system responsible for secreting a clear fluid that lubricates the urethra and neutralizes acidity.

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A female germ cell involved in reproduction; essentially an immature egg cell.

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Structures within cells that contain DNA and play a crucial role in carrying genetic information.

Routine Pregnancy Visit

Regularly scheduled appointments during pregnancy to monitor the health of the mother and the fetus.