Regarding the Use of a Spreadsheet for the Preparation of the Statement

question 16

Multiple Choice

Regarding the use of a spreadsheet for the preparation of the statement of cash flows, which of the following statements is true?

• A) The T-account approach works well for all companies.
• B) The statement of cash flows cannot be prepared directly from the spreadsheet because additional information is needed.
• C) The spreadsheet is needed when companies face complex situations.
• D) The spreadsheet can only be used if the indirect method for operating activities is also used.

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Definitions:

House Calls

Visits made by medical professionals to the residences of patients to provide healthcare services.

Histograms

Graphical representations of the distribution of data, in which the frequency of data points in defined intervals is shown.

Histogram

A graphical representation of the distribution of numerical data, often used to visualize the frequency of data points in consecutive intervals.

Three-dimensional Pie Chart

A graphical representation of data in the form of a three-dimensional circle divided into sectors, illustrating proportional relationships in a dataset.