Which of the Following Statements Is Most Likely to Be

question 111

Multiple Choice

Which of the following statements is most likely to be right?

• A)The method of preparing the operating activities section of a statement of cash flows which adjusts net income to remove the effects of deferrals and accruals for revenues and expenses is the direct method.
• B)The method of preparing the operating activities section of a statement of cash flows which reports major classes of gross cash receipts and cash payments for revenues and expenses is the indirect method.
• C)The FASB prefers the indirect method of preparing the operating activities section of the statement of cash flows.
• D)Most companies use the indirect method of preparing the operating activities section of the statement of cash flows.

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Definitions:

Mental Illness

A wide range of mental health conditions that affect mood, thinking, and behavior, often requiring clinical diagnosis and treatment.

Mental Illness

A condition that affects a person's thinking, feeling, behavior, or mood, often significantly impairing personal functioning.

Homeless

Relates to individuals who lack a fixed, regular, and adequate nighttime residence, including those living in shelters, transitional housing, or places not meant for human habitation.

Indigenous People

Groups of individuals who are the original inhabitants of a region, before the arrival of colonists or outsiders, and who maintain practices, languages, and beliefs of their ancestral cultures.