Under the Indirect Method for Preparing the Statement of Cash

question 70

Multiple Choice

Under the indirect method for preparing the statement of cash flows,increases in current liabilities are the net income in the cash flows from operating activities section.

• A)subtracted from
• B)added to
• C)not used when calculating
• D)equal to

---

Definitions:

Economy Assessment

The process of analyzing various economic indicators, trends, and data to gauge the overall health and performance of an economy.

Fear Itself

An abstract concept implying that fear, especially unfounded or irrational fear, can be as dangerous or debilitating as the object of that fear.

Fundamentals

The most basic, core, or essential aspects or principles of a subject, concept, or skill.

Liquidation

is the process of bringing a business to an end and distributing its assets to claimants, often occurring when a company is insolvent.