Under the Direct Method of Preparing the Financing Section of the Statement

question 120

Multiple Choice

Under the direct method of preparing the financing section of the statement of cash flows,net cash provided by financing activities is $388,000.If the indirect method of preparing the statement of cash flows was used:

• A)net cash provided by financing activities would be less than $388,000.
• B)net cash provided by financing activities would be more than $388,000.
• C)net cash provided by financing activities would be the same,$388,000.
• D)net cash provided by operating activities would equal $388,000.

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Definitions:

Moral Development

The process of learning to distinguish right from wrong and developing the ability to act according to ethical principles.

Principle-Centred

An approach or philosophy that emphasizes the importance of adhering to a set of core values or principles to guide decision-making and actions.

Government Laws

Statutes and regulations established by the legislative bodies of governments to dictate behavior, enforce order, and provide a basis for justice.

Ethical Behaviour

Conduct that is in accordance with accepted principles of right and wrong governing the professional and personal actions of individuals.