Under the Direct Method of Preparing a Statement of Cash

question 98

True/False

Under the direct method of preparing a Statement of Cash Flows, the gain on the sale of land is not adjusted or reported as part of cash flows from operating activities.

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Definitions:

Pro-Soviet Government

Governments or political regimes that were aligned with or supportive of the Soviet Union during the Cold War, often influenced by communist ideology.

Dumbarton Oaks

The site in Washington, D.C., where discussions were held in 1944 that led to the creation of the United Nations.

United Nations Organization

An international organization founded in 1945 to promote peace, security, and cooperation among countries worldwide.

Allies

Refers to countries or entities that cooperate militarily or politically during a conflict. Usually refers to the Allied powers in World War I or World War II.