We Have Used Transaction Analysis and the Accounting Equation to Record

question 148

Multiple Choice

We have used transaction analysis and the accounting equation to record several transactions for a company.The transactions are now recorded on a multi-column spreadsheet of the assets,liabilities,and stockholders' equity of the company.If you wanted to prepare a statement of cash flows with this spreadsheet,which column would you use?

• A)Cash column
• B)Accounts Receivable column
• C)Retained Earnings column
• D)Revenue column

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Definitions:

Optimistic Humanism

A perspective within psychological theory that emphasizes a positive, growth-oriented view of human nature, focusing on the inherent goodness and potential for personal development.

Basically Good

The belief that human beings are fundamentally moral and kind at their core.

Blank Slates

The idea that individuals are born without built-in mental content and that therefore all knowledge comes from experience or perception.

Aware Of Surroundings

The state or quality of being conscious or cognizant of the environment and situation in which one is positioned.