Which of the Following Is the Method of Reporting Amounts

question 13

Multiple Choice

Which of the following is the method of reporting amounts of cash received from customers less cash disbursed to various suppliers, employees, lenders for interest payments, and taxing authorities, allowed by U.S.GAAP?

• A)the direct method
• B)the indirect method
• C)both the direct method and the indirect method
• D)the schedule of cash receipts and cash disbursements
• E)the funds flow statement

---

Definitions:

Modes of Thinking

The various ways in which individuals process information and solve problems, influenced by cognitive styles and patterns.

Inputs

Resources, information, or efforts that are used to produce goods or services in a process or system.

Brain

The organ in living organisms responsible for processing information, controlling behavior, and enabling thought and memory.

Emotional Intelligence

The skill to recognize, regulate, and articulate personal emotions while managing social relationships with care and understanding.