Which of the following is incorrect about the statement of cash flows? (a) The direct method may

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Which of the following is incorrect about the statement of cash flows?

(a) The direct method may be used to report net cash provided by operating activities.

(b) The statement shows the net cash provided (used) for three categories of activity.

(c) The operating section is the last section of the statement.

(d) The indirect method may be used to report net cash provided by operating activities.

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Accounting Tools For Business Decision Making

ISBN: 9781119191674

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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