Allen Moving Company Uses the Indirect Method to Prepare Its

question 12

True/False

Allen Moving Company uses the indirect method to prepare its statement of cash flows.Refer to the following portion of the comparative balance sheet:

If the net income for the year was $61,000,the company must have declared $26,000 as dividends during the year.

---

Definitions:

Relation

The way in which two or more concepts, objects, or people are connected, or the state of being connected.

Manner

Refers to the way in which an action is performed or how a particular task is executed.

Syntax

The collection of guidelines, norms, and procedures that dictate how sentences are constructed in a specific language, particularly with regards to the arrangement of words and the use of punctuation.

Phonemes

The smallest units of sound that distinguish one word from another in a particular language.