Under the Indirect Method for Preparing the Statement of Cash

question 112

Multiple Choice

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

• A) subtracted from
• B) added to
• C) not used in calculating
• D) cannot tell from the information given

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Definitions:

Self-esteem

One's subjective evaluation of their own worth or the degree to which they value themselves.

Spotlight Effect

The idea that other people are focusing more on how we look and act than they actually are.

Flattering Descriptions

Positive and often exaggerated comments that make someone or something seem better or more attractive than they are in reality.

Self-serving Bias

A common cognitive bias that causes individuals to perceive situations and interpret information in a way that benefits them or supports their pre-existing beliefs or interests.