When using the indirect method to prepare the statement of cash flows, the financing activities section begins with net income, followed by several adjustments to net income.

True

False

Question $11$

$1$ pts

Most companies prefer to use the indirect method when preparing a statement of cash flows.

True

False

Question $12$

$1$ pts

The direct method of preparing a statement of cash flows results in the same cash provided by operating activities than the indirect method.

True

False