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The indirect method: 1. Arrives at the same amounts for net cash flows as the direct method. 11. Is used by companies in actual practice
The indirect method: 1. Arrives at the same amounts for net cash flows as the direct method. 11. Is used by companies in actual practice about equally compared to the direct method III. Adjusts Net Income to determine net cash flows from operations IV. Presents individual cash inflows and cash outflows for operating activities From the list below, choose all statements that are true: I, II and III II and IV IV I and
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