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

question 80

Multiple Choice

Regarding the use of a spreadsheet for the preparation of the statement pf 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:

Positive Feedback Loop

A process where the output of a system amplifies the operation or some aspect of the system, often leading to an exponential increase in the effect.

Floodplains

Flat or nearly flat land adjacent to a stream or river that experiences occasional or periodic flooding.

Mangrove Forests

Coastal vegetation systems consisting of various species of mangroves, which are salt-tolerant trees that help protect shorelines and provide habitat for diverse wildlife.

Cloud Seeding

The practice of dispersing substances into clouds to encourage precipitation, used as a technique to enhance rainfall or snowfall.