a bbhosted.cuny.edu Take Test: 335 Final 23 acct A change in accounting principle is a change that occurs as the result of new information or additional experience. O False QUESTION 7 Using the indirect method for the Statement of Cash Flows, the first step of the 3 major steps is "Determine the change in Cash". O True False QUESTION 8 The net increase (decrease) in cash reported on the statement of cash flows should reconcile the beginning and ending cash balances reported in the comparative balance sheets. True False QUESTION 9 Under the accrual basis of accounting, net income is usually the same as net cash flow from operating activities True O False QUESTION 10 A companv can con vert net income to net cash flow from operating activities throueh either the direct Cliek Save and Submit to save and submit. Chick Suve All Answers to save all ansucers Save All Answ