Using the Direct Method of Preparing the Statement of Cash

question 75

Multiple Choice

Using the direct method of preparing the statement of cash flows,to determine the cash effects of operating activities,which of the following needs to be adjusted?

• A)Net income
• B)Reported revenues and expenses
• C)Long-term assets and liabilities from the balance sheet
• D)Equity as reported in the balance sheet

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Definitions:

Contraception

refers to the methods or devices used to prevent pregnancy as part of family planning and reproductive health.

Booker T. Washington

An influential African American educator, author, and orator in the late 19th and early 20th centuries, who advocated for African American advancement through education and entrepreneurship.

Social Equality

A state where every person in a society possesses equal status regarding civil liberties, freedom of expression, rights to property, and equitable opportunities to access social services and goods.

Discriminatory Legislation

Laws and statutes specifically designed to limit the rights or privileges of certain groups based on race, gender, religion, or other characteristics.