What is the major advantage of using the direct method of preparing the operating activities section of the statement of cash flows?
What will be an ideal response?
The direct method shows the specific sources and uses of cash that are associated with operating activities. Because people typically find the direct method easier to understand, the Financial Accounting Standards Board (FASB) recommends it.
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Which of the following is least likely to be representative of age bias?
A) Young and energetic B) Three years of experience C) Entry level D) Senior E) Mature
Businesses within a purely competitive market have few opportunities to raise or lower their prices
Indicate whether the statement is true or false
Crowdsourcing is a boostrapping method that saves money while obtaining valuable ______ resources. In addition to getting the information necessary to develop their products faster, what other benefit is there for the sponsor of crowdsourcing for medical treatment?
a. information b. financial c. technological d. social media
Output hardware consists of devices that translate information from humans into a format that computers can understand
Indicate whether the statement is true or false.