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

question 156

Multiple Choice

Regarding the use of a spreadsheet for the preparation of the statement of cash flows,which of the following statements is incorrect?

• A) The spreadsheet starts with the beginning balance sheet and concludes with the ending balance sheet.
• B) When companies face complex situations, a spreadsheet can help in preparing the statement of cash flows.
• C) The spreadsheet cannot be used for the direct method.
• D) Accountants can prepare the statement of cash flows directly from the lower part of the spreadsheet.

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Definitions:

Nurse Call Device

An electronic system that allows hospital patients to alert or call their nursing staff or healthcare providers for assistance.

Top Linens

The sheets or covers used on a bed above the occupant, typically including the top sheet and any blankets or duvets.

Intravenous Line

A medical device used to deliver fluids, medications, or nutrients directly into a vein.

Gown Sleeve

Part of a protective garment that covers the arm, used in healthcare settings to maintain hygiene and prevent contamination.