The First Item Reported in the Operating Activities Section for a Statement

question 85

Multiple Choice

The first item reported in the operating activities section for a statement of cash flows prepared according to 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:

Point Of Presence

A physical access point to the Internet where different networks meet to exchange data.

DNS Server

A server on the Internet that translates human-friendly domain names into IP addresses, facilitating the location of computer services and devices.

Registered

Denotes something that has been officially recorded and recognized by an authority or organization.

Fiber Optics

A technology that uses thin strands of glass or plastic fibers to transmit data as pulses of light, enabling high-speed internet and telecommunications.