A Study by the Pew Internet and American Life Project

question 118

True/False

A study by the Pew Internet and American Life Project reports that 58 percent of Americans research products and services online before buying them, an increase of 35 percent from the year 2000.

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Definitions:

Balance Sheet

An accounting report that presents the value of a corporation's assets, obligations, and equity of its investors as of a particular moment.

Operating Activities

Activities that involve the primary operations of a company, such as selling products and providing services.

Statement Of Cash Flows

A financial statement that provides a summary of a company's cash inflows and outflows over a specific period.

Direct Method

A way of preparing the cash flow statement where actual cash flow information from the company's operations is used, rather than accrual accounting values.