The Approach to Presenting Cash Flows from Operating Activities Where

question 24

Multiple Choice

The approach to presenting cash flows from operating activities where reported net profit is adjusted for non-cash income statement items and changes in non-cash working capital accounts is known as:

• A) the direct approach
• B) the adjustment approach
• C) the indirect approach
• D) none of the above

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Definitions:

Prophylactic

Preventing disease.

Poison

A substance that, if taken internally or applied externally, is a threat to life.

Hypoglycemia

A condition characterized by an abnormally low level of glucose (sugar) in the blood, often leading to symptoms such as shakiness, sweating, and confusion.

Hyperglycemia

A condition characterized by an abnormally high level of glucose in the blood.