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Knowledge Check 01 The formula to compute cash receipts or cash payments for operating cash flows using the direct method is: Revenue or expense plus
Knowledge Check 01 The formula to compute cash receipts or cash payments for operating cash flows using the direct method is: Revenue or expense plus cash receipts minus cash payments Revenue or expense plus or minus adjustments for changes in related balance sheet accounts Cash receipts or cash payments plus adjustments for changes in related income statement accounts Revenue or expense plus or minus adjustments for changes in related income statement accounts
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