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5: Which of the following statement(s) is are true? The indirect and direct methods use different computations but produce the same amount of net cash
5: Which of the following statement(s) is are true? The indirect and direct methods use different computations but produce the same amount of net cash flow from operating activities. The operating and financing activities of the statement of cash flows are presented differently between the indirect and direct methods A) I only B) II only C) I and II D) None Question 6: Which of the following item(s) is/ are subtracted from net income under operating activities, when preparing the statement of cash flows using the indirect method? I. Depreciation of equipment II. Gain on disposal of equipment A) I only B) II only C) I and II D) None
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