The First Line Item in the Operating Activities Section of a Spreadsheet

question 28

Multiple Choice

The first line item in the operating activities section of a spreadsheet for a statement of cash flows prepared using the indirect method is:

• A)Cash.
• B)Cash received from customers.
• C)Increase (decrease)in accounts receivable.
• D)Net income.
• E)Adjustments to net income.

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Definitions:

Adaptive

The quality of being able to adjust to new conditions or environments effectively.

Transferable

Referring to skills, knowledge, or abilities that can be applied in various contexts beyond where they were originally learned.

Job-related

Pertains to aspects or activities directly linked to one's profession or occupation.

Communication

The process of acting on information.