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Which of the following is true about the direct method of calculating cash flow from operations? It is more commonly used than the indirect method
Which of the following is true about the direct method of calculating cash flow from
operations?
It is more commonly used than the indirect method
It starts with net income and makes adjustments
It directly lists cash received from customers and cash paid to suppliers
It is required by GAAP
It cannot be reconciled to the indirect method
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
