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

question 58

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:

Cognitive-Developmental Theory

The stage theory that holds that the child’s abilities to mentally represent the world and solve problems unfold as a result of the interaction of experience and the maturation of neurological structures.

Piaget

A Swiss developmental psychologist and philosopher best known for his pioneering work in child development, particularly his theory of cognitive development.

Psychosexual Stages

are a series of developmental phases in Freudian psychoanalysis, where the pleasure-seeking energies focus on distinct erogenous zones from infancy through adulthood.

Scaffolding

An educational technique involving structured support provided by an instructor to help a student learn a new concept, gradually reducing assistance as the student becomes more proficient.