The Two Approaches to Reporting Cash Flows Provided by Operating

question 57

Multiple Choice

The two approaches to reporting cash flows provided by operating activities are the

• A)Direct and indirect methods
• B)The basic and standard methods
• C)The gross margin and contribution margin methods
• D)The liquidity and profitability methods

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Definitions:

Stimulants

Substances that increase alertness, attention, and energy by raising the levels of key chemicals in the brain and body.

Propensity

An inclination or natural tendency to behave in a certain way.

Blood Relative

A person who shares an ancestor with another, indicating a family connection by birth rather than marriage.

Addictive Parent

A term drawing attention to the challenges and dynamics within families where one or more parents have substance abuse issues.