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Multiple Choice Question 116 Using the direct method of preparing the statement of cash flows, to determine the cash effects of operating activities, which of
Multiple Choice Question 116
Using the direct method of preparing the statement of cash flows, to determine the cash effects of operating activities, which of the following needs to be adjusted?
| Net income |
| Long-term assets and liabilities from the balance sheet |
| Reported revenues and expenses |
| Equity as reported in the balance sheet |
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