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:

Broadband

A high-speed Internet connection that is always on and faster than the traditional dial-up access.

Digital Signals

Representations of data using discrete values, typically binary 0s and 1s, used in digital electronics and telecommunications to encode and transmit information efficiently.

Cellular Networks

Wireless communication networks that use distributed cell sites to provide coverage over extensive areas.

2G

The second generation of cellular network technology, characterized by digital encryption and the introduction of data services, such as SMS text messages.