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Under the direct method, noncash items like depreciation are not included when an income statement is converted to the cash flows from operating activities. True
Under the direct method, noncash items like depreciation are not
included when an income statement is converted to the cash
flows from operating activities.
True
False
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
