Under the Direct Method of Determining Net Cash Provided by Operating

question 34

Multiple Choice

Under the direct method of determining net cash provided by operating activities on the statement of cash flows, a gain on the sale of plant assets would be:

• A) added to the amount of operating expenses reported under the accrual basis.
• B) deducted from the amount of operating expenses reported under the accrual basis.
• C) deducted from the amount of sales reported under the accrual basis.
• D) totally ignored since the gain is not a part of sales, cost of goods sold, or operating expenses.

---

Definitions:

Prejudice

A preconceived opinion or judgment without sufficient knowledge, often leading to stereotyping and discrimination based on characteristics such as race, gender, and age.

College Students

Individuals enrolled in institutions of higher education to pursue undergraduate, graduate, or other post-secondary degree programs.

Pluralism

The acknowledgment and acceptance of diversity within a society, including religious, cultural, and ethnic diversity.

Diversity Programs

Initiatives aimed at promoting and appreciating the inclusion of different categories of people within a community, organization, or group.