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Paul Cannot Say, "Give Me the Ball" When He Plays

question 5

Multiple Choice

Paul cannot say, "Give me the ball" when he plays with friends but instead commands, "Ball." This language style is typical of _____ olds and is called a(n) _____.


Definitions:

Direct Method

A way of preparing the cash flow statement where actual cash flow information from operating activities is used instead of adjustments to net income.

Revenues

income that a business receives from its normal business activities, usually from the sale of goods and services to customers.

Operating Activities

Transactions and events that affect the net income of a business, related to its principal revenue-producing activities.

Financing Activity

Activities that result in changes in size and composition of the contributed equity and borrowings of the entity, reflected in the cash flow statement.

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