are prohibited Remaining Time: 58 minutes, 39 seconds. * Question Completion Status: / Moving to the next question prevents changes to this answer. Question 1 of 1 Question 1 1 points Save Anse Where the entity uses the direct method a note to the accounts reconciling cash flows from operating activities to net profit is required because: complex calculations are required to convert cash-based revenues. items such as depreciation are only recorded in a cash system and not an accrual system. there is likely to be a disparity between cash flows from operations under AASB 107 and the profits reported in the statement of comprehensive income. the direct method is required under AASB 107. Moving to the next question prevents changes to this answer. Question 1 of 10 Activate Windows -ession 4AB State...ppt Session 3 Share Ca....ppt A Session 2 Accounti...ppt A Session 1AB Accou. Removed 1377 DOLL