Choose the Correct Statement About Preparation of the Statement of Cash

question 74

Multiple Choice

Choose the correct statement about preparation of the Statement of Cash Flows:

• A) only the indirect method is required; the direct method is optional.
• B) a spreadsheet must be used in computerized situations.
• C) no particular preparation method is mandated by GAAP.
• D) the direct method must be used unless available information does not permit it, in which case the indirect method may be used.

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Definitions:

Nonverbal Communication

The process of conveying a message without words, through gestures, facial expressions, posture, and other cues.

Dimming The Lights

The act of reducing the brightness of lights, often used to create a certain mood or atmosphere.

Telling A Personal Anecdote

Sharing a short, often amusing or interesting, story about a real incident or person to illustrate a point or engender empathy.

Q&A Period

A designated time during or after a presentation, meeting, or event where individuals can ask questions and receive answers.