Under the Direct Method of Preparing a Statement of Cash

question 156

True/False

Under the direct method of preparing a statement of cash flows, the gain on the sale of land is not adjusted or reported as part of cash flows from operating activities.

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Definitions:

Psychological Disorder

A pattern of behavioral or psychological symptoms that impact multiple areas of life and create distress for the person affected.

Clinically Significant

A term indicating that a finding, symptom, or difference is substantial or important enough to affect a person's medical treatment or diagnosis.

Psychopathic Personality

A personality disorder characterized by persistent antisocial behavior, impaired empathy and remorse, and bold, disinhibited, and egotistical traits.

General Paresis

A neuropsychiatric disorder resulting from chronic syphilis infection, leading to progressive dementia and paralysis.