Under the Direct Method of Preparing the Statement of Cash

question 90

Multiple Choice

Under the direct method of preparing the statement of cash flows,which statement is CORRECT regarding the calculation of computing cash collected from interest revenue?

• A)Sales plus a decrease in interest receivable
• B)Interest revenue plus a decrease in interest receivable
• C)Interest revenue plus an increase in interest receivable
• D)Interest revenue less a decrease in interest receivable

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Definitions:

Japanese Gardens

Landscaped gardens designed according to traditional Japanese aesthetics and principles, often emphasizing natural beauty and tranquility.

Public Park

A space of land, usually owned and maintained by a government entity, that is designated for recreational use and enjoyment by the public.

Contract

A binding legal agreement between two or more parties that is enforceable by law.

Restrictive Covenant

A clause in a contract or deed that limits what the owner of the land or property can do with it, often to ensure the area's character or value is maintained.