Which of the Following Statements Is Not True with Respect

question 4

Multiple Choice

Which of the following statements is not true with respect to the statement of cash flows for a consolidated entity?

• A)The statement may be prepared using either the direct or the indirect method.
• B)Noncontrolling interest share will be added back to cash flows from operating activities under the indirect method.
• C)Payment of dividends from the subsidiary to the parent will appear on the statement of cash flows as a financing activity.
• D)If the subsidiary does not use the same method (direct or indirect)as the parent,it must convert their separate statement of cash flows first to the same method that the parent uses,and then the two statements are consolidated.

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Definitions:

Research Design

A systematic plan outlining how a research project is conducted, including the methods and procedures used to collect and analyze data.

Consumer Population

The group of individuals or entities that are potential or actual buyers of products and services in a given market.

Contextual Factors

Various external elements that can influence the performance or outcomes of a process, strategy, or system, such as economic, social, or technological environments.

Microexpressions

Involuntary facial expressions that occur fleetingly and reveal genuine emotions.