In a Statement of Cash Flows Prepared Using the Direct

question 10

Multiple Choice

In a statement of cash flows prepared using the direct method,if wages payable increased during the year,the cash paid for wages would be

• A) the same as salary expense.
• B) salary expense plus wages payable at the beginning of the year.
• C) salary expense plus the increase in wages payable from the beginning to the end of the year.
• D) salary expense less the increase in wages payable from the beginning to the end of the year.

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Definitions:

Multiculturalism

The presence of, or support for the presence of, several distinct cultural or ethnic groups within a society.

Transnational Corporation

A large company that operates in several countries around the world.

International Monetary Fund

An international organization created to foster global monetary cooperation, secure financial stability, facilitate international trade, and reduce poverty around the world.

World Bank

A global financial organization offering loans and grants to low-income country governments to support capital projects.