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Trivet Co. uses thWhen preparing a statement of cash flows, the selection of the INDIRECT method rather than the direct method, WILL Group of answer
Trivet Co. uses thWhen preparing a statement of cash flows, the selection of the INDIRECT method rather than the direct method, WILL Group of answer choices not affect how cash flows from financing activities are presented. affect how cash flows from investing activities are presented. require that one begin with the change in cash for the period in order to calculate cash flow from operating activities. require that the reconciliation of net income and net operating cash flow be presented in the notes to the financial statements.e DIRECT method to present cash flows from operating activities. On January 1, 20A1, Trivet Co. owed a $500,000 note payable to Big Bank. Trivet paid Big Bank a total of $130,000 in 20A1, which was $100,000 of principle and $30,000 of interest. How should the $130,000 payment be presented on Trivet's Statement of Cash Flows for 20A1? Group of answer choices $100,000 as a financing activity and $30,000 as an operating activity. $130,000 as a financing activity. $130,000 as an operating activity. $30,000 as an operating activity and the $100,000 retirement of debt will be presented in a supplemental schedule
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