Which of the following is not an accurate description of the direct method?

A. It requires a reconciliation of net income to net cash provided by operating activities.
B. The guidance provides a list of the minimum specific categories of cash inflows and outflows to include.
C. It requires the presentation of major classes of gross receipts and disbursements.
D. It is easier to implement because it relies exclusively on data already available in the accrual accounts.


Answer: D

Business

You might also like to view...

Answer the following statements true (T) or false (F)

1. The forced ranking performance review system may have negative effects on morale, productivity, and loyalty.  2. When it comes to performance appraisal feedback, the longer the appraisal document, the better.  3. Appraisals that are conducted on an unscheduled basis and consist of less rigorous indications of employee performance are known as unofficial appraisals.  4. The three parts of compensation are wages, incentives, and benefits. 

Business

One of the major advantages of simulation is "time compression," i.e., the ability to study in a relatively short period, activities that would, in reality, take place over a period of days, months, or even years

Indicate whether the statement is true or false

Business

Which of the following is true of a support network in training?

A. It is the support that trainers offer to employees within the training program. B. It is the support system built by an organization to support knowledge transfer. C. It is the support that managers from different teams offer to trainees. D. It is the support that trainers offer to employees to transfer training to the job. E. It is the support that trainees give one another to discuss their progress.

Business

The Americans with Disabilities Act (ADA):

a. Prohibits employers from refusing to hire (or promote) disabled persons who are otherwise qualified for a particular position. b. Requires that an employer make a reasonable accommodation for a qualified disabled applicant, which might include creating or improving training materials and procedures. c. Allows employers, who do not wish to make an accommodation, to demonstrate that the accommodations will cause "undue hardship,"that is, impose a "significant difficulty or expense" on the employer. d. All of the above

Business