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NEW QUESTION: 1
An important distinction between the direct method and the indirect method of preparing a statement of cash flows is that:
A. The format of the section computing net cash flow from operating activities is different under the two methods.
B. Both methods result in the same dollar amount of net cash flows from operating activities.
C. The direct method reconciles accrual-based net income with net cash flow from operations; the indirect method shows the specific cash inflows and outflows constituting the operating activities.
Answer: A

NEW QUESTION: 2
Repo is said to have "double indemnity" due to the creditworthiness of the counterparty and:
A. The creditworthiness of the collateral
B. A written legal agreement between the parties
C. The oversight of the transaction by the custodian of the collateral
D. The right of close-out and set-off in an event of default
Answer: A

NEW QUESTION: 3
Identify two statements that are true about multi-stop itineraries.
A. The Multi Stop Itinerary option needs to be checked.
B. Multi - Stop Itineraries contain multiple itinerary legs.
C. The "Primary" check box is mandatory on a multi stop itinerary leg.
D. The Multi-Stop Itinerary cannot be used to plan direct shipments.
Answer: D