The First Line Item in the Operating Activities Section of a Spreadsheet

question 102

Multiple Choice

The first line item in the operating activities section of a spreadsheet for a statement of cash flows prepared using the indirect method is:

• A) Net income (loss).
• B) Adjustments to net income.
• C) Cash received from customers.
• D) Cash.
• E) Increase (decrease) in accounts receivable.

---

Definitions:

Cognitive Dissonance

The psychological discomfort experienced when holding conflicting beliefs, values, or attitudes, often leading to changes in beliefs or behaviors to reduce the dissonance.

ELM

The Elaboration Likelihood Model, a theory in social psychology explaining how people are persuaded, emphasizing the importance of the message's elaboration.

Dissonance

Dissonance refers to a state of conflict or inconsistency between one's beliefs, ideas, or actions, often leading to discomfort and prompting a change to reduce the inconsistency.

Cognitions

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.