____ Is the Logical Step-By-Step Process of Developing Ideas by Proceeding

question 94

Multiple Choice

____ is the logical step-by-step process of developing ideas by proceeding continuously from one bit of information to the next.

• A) Vertical thinking
• B) Lateral thinking
• C) Creative thinking
• D) Horizontal thinking

---

Definitions:

Operating Activity

Business functions related to producing goods or services, which are reflected in the company's cash flow from operations.

Investing Activity

Investing activity refers to the purchase or sale of long-term assets and investments, reflecting a company’s spending on acquiring and disposing of long-term assets.

Financing Activity

Transactions involving the flow of cash between a company and its owners, investors, or creditors, excluding operational and investing activities.

Statement of Cash Flows

A ledger statement which outlines how modifications in balance sheet accounts and revenue streams influence cash and cash equivalents, with the analysis broken down by operating, investing, and financing operations.