Rubin Installations Company Uses the Direct Method to Prepare Its

question 154

True/False

Rubin Installations Company uses the direct method to prepare its statement of cash flows.Rubin has reported cost of goods sold of $95,000 on its income statement for 2017.If the balance in the Merchandise Inventory account decreased by $6,000 during the year,then $6,000 needs to be added to $95,000 to calculate payments to suppliers for inventory purchases.

---

Definitions:

Vasocongestion

The swelling of bodily tissues caused by an increased blood flow, often associated with sexual arousal and certain medical conditions.

Myotonia

Muscle tension.

Sexual Response Cycle

The series of physical and emotional phases that occur when an individual becomes sexually aroused and participates in sexually stimulating activities, including phases of arousal, plateau, orgasm, and resolution.

Orgasm

is the climax of sexual stimulation, characterized by intense pleasure and accompanied by a series of involuntary contractions of the genital muscles.