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Which of the following is not true of the direct method of preparing a statement of cash flows? A). It reports the same net increase
Which of the following is not true of the direct method of preparing a statement of cash flows? A). It reports the same net increase or decrease in cash as the indirect method. B). It results in a different net cash from operating activities than the indirect method. C). It gives the user a sense of the magnitude of gross dollars flowing in and out of the company. D). It has the same cash flows from investing and financing activities as the indirect method.
Which of the following is not true of the direct method of preparing a statement of cash flows?
A). It reports the same net increase or decrease in cash as the indirect method.
B). It results in a different net cash from operating activities than the indirect method.
C). It gives the user a sense of the magnitude of gross dollars flowing in and out of the company.
D). It has the same cash flows from investing and financing activities as the indirect method.
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