The Indirect Method of Preparing a Statement of Cash Flows

question 72

Multiple Choice

The indirect method of preparing a statement of cash flows

• A)eliminates the need for a schedule of noncash investing and financing transactions.
• B)provides a different result than the direct method.
• C)adjusts net income for changes in current accounts.
• D)shows collections from customers rather than the change in Accounts Receivable.

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Definitions:

Emergency Call

A call made to emergency services in situations requiring immediate assistance.

Appointment Time

The specific time scheduled for a meeting, consultation, or medical treatment between a patient and a healthcare professional.

Communication

The process of sharing information, ideas, or feelings between individuals or groups, typically involving a sender, a message, and a recipient.

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Personal attributes that enable individuals to interact effectively and harmoniously with other people.