Which of the Following Is True Regarding a Statement of Cash

question 15

Multiple Choice

Which of the following is true regarding a statement of cash flows prepared by a government?

• A)the statement of cash flows will be identical to one prepared by a business
• B)the statement of cash flows will be prepared using the indirect method
• C)the statement of cash flows will have no more than three cash flow classifications
• D)the statement of cash flows will be prepared using the direct method

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Definitions:

Suppliers

Companies or individuals who provide goods or services to another entity, typically within a commercial supply chain.

Raw Metal

Unprocessed metal in its natural state, not yet altered by machining, shaping, or any form of treatment for use in manufacturing.

On-premise CRM

Customer Relationship Management software hosted and maintained on the premises of an organization, as opposed to being cloud-based.

Vendor

A business or person that sells products or services to another entity, often within a supply chain.