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Which of the following is/are true? (1) Direct method and indirect method have no effect on investing or financing activities. (2) When preparing the operating
Which of the following is/are true?
(1) Direct method and indirect method have no effect on investing or financing activities.
(2) When preparing the operating activities section of the statement of cash flows using the indirect method, depreciation is subtracted from profit.
(3) When preparing the operating activities section of the statement of cash flows using the indirect method, a decrease in inventory is subtracted from profit.
(4) The indirect method separately lists each major item of operating cash receipts and cash payments.
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