Sustainability Enterprises Uses the Direct Method When Preparing Its Statement

question 71

Multiple Choice

Sustainability Enterprises uses the direct method when preparing its statement of cash flows.Sustainability sold equipment with a book value of $22,000 at a gain of $5,000.The amount to be reported on the statement of cash flows under "proceeds from the sale of capital assets" is:

• A) $27,000
• B) $22,000
• C) $17,000
• D) $5,000

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Definitions:

Aggression

Refers to behaviors that are intended to cause harm or pain to another individual.

Personality Measurement

It refers to techniques or tools used to quantitatively assess individuals' personality traits and characteristics.

Reliability

In psychological testing, the consistency or stability of test scores from one testing to another.

Validity

In psychological testing, the degree to which a test measures what it is supposed to measure.