Question
Which of the following is not true with regard to the preparation of a cash flow statement? Cash flows are categorized by operating, investing, and
Which of the following is not true with regard to the preparation of a cash flow statement?
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| Cash flows are categorized by operating, investing, and financing activities. |
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| The changes in all income statement accounts are calculated and then listed as cash inflows or outflows. |
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| The direct method or the indirect method may be used to prepare the statement of cash flows. |
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| The changes in all of the balance sheet accounts are calculated and then listed as inflows or outflows, except for cash. |
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International Financial Reporting A Practical Guide
Authors: Alan Melville
6th edition
1292200743, 1292200766, 9781292200767, 978-1292200743
