Which of the Following Are Methods That Are Used to Prepare

question 22

Multiple Choice

Which of the following are methods that are used to prepare a statement of cash flows?
I. Use information obtained directly from the primary records of cash transactions.
II. Use information in the accrual-based statement of profit or loss and statement of financial positions but remove the effect of non-cash items.
III. Use information in the accrual-based statement of profit or loss and statement of financial positions but add the effect of non-cash items.

• A) I, II and III
• B) I and III
• C) II and III
• D) I and II

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Definitions:

Brand Loyalty

The tendency of consumers to continuously purchase one brand's products over another's, often due to a combination of satisfaction with the product and the perceived value of the brand.

Elasticity of Demand

A measure of how much the quantity demanded of a good changes in response to a change in the price of that good.

Kosher Foods

Food items that meet Jewish dietary laws, which include restrictions on how foods are prepared and which foods may be eaten together.

Quadrupled

Increased by four times in quantity or value.