According to the 2011 Edition of Accounting Trends and Techniques

question 39

Multiple Choice

According to the 2011 edition of Accounting Trends and Techniques, approximately what percentage of companies use the indirect method to report cash flows provided by operating activities?

• A)2%
• B)33%
• C)67%
• D)98%

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Definitions:

Incompetence

The lack of ability, knowledge, or qualification to perform effectively a duty or task.

Difficulty

The state or condition of being hard to do, deal with, or understand; the level of challenge that a task or problem presents.

Materialistic

A tendency to consider material possessions and physical comfort as more important than spiritual, intellectual, or cultural values.

Inflated Expectations

Unrealistically high hopes or demands, often leading to disappointment as actual outcomes may not meet these anticipations.