When Using the Spreadsheet (Work Sheet) Method for the Statement

question 169

Multiple Choice

When using the spreadsheet (work sheet) method for the statement of cash flows, indirect method, entries made on the spreadsheet are

• A) not recorded in the journal or posted to the ledger
• B) recorded in the journal and posted to the ledger
• C) recorded in the journal but not posted to the ledger
• D) not recorded in to the journal but are posted to the ledger

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Definitions:

Reasonable Notice

The sufficient and fair amount of time one party must give another to prepare for or respond to an action, often legally defined in various contexts.

Termination

The act of ending or concluding an agreement, contract, or employment relationship.

Dismiss

To terminate or end something formally, such as employment or legal actions.

Employer

An individual or organization that hires people to work for them in exchange for wages or salary.