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 cash provided by operations.

(b) The statement shows the 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 cash provided by operations.

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Accounting Tools For Business Decision Making

ISBN: 9780470377857

3rd Edition

Authors: Paul D. Kimmel

Question Posted: Feb 15, 2024 09:00 AM

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

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Accounting Tools For Business Decision Making

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