Generally Accepted Accounting Principles Allows Which of the Following Methods

question 64

Multiple Choice

Generally accepted accounting principles allows which of the following methods of preparing the statement of cash flows?

• A) The operating, investing, and financing methods.
• B) The accrual basis and cash basis of accounting methods.
• C) The direct and indirect methods.
• D) The cash flows and noncash flows methods.

---

Definitions:

Triple Bottom Line

A sustainability framework that evaluates a company's performance based on three Ps: profit, people, and planet.

Economic Performance

A measurement of how well an economy is doing, based on factors like GDP growth, unemployment rates, and inflation.

Social Performance

The measurement and assessment of a company or organization's impact on its stakeholders and society at large, considering social, environmental, and economic factors.

Environmental Performance

Relates to how well an organization performs in managing and reducing its environmental impacts.