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Which of the following statements about the direct and indirect methods of computing net cash flows from operating activities is not correct? Multiple Choice Both

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Which of the following statements about the direct and indirect methods of computing net cash flows from operating activities is not correct? Multiple Choice Both methods result in the same dollar amount of cash flow from operating activities. Both methods involve adjusting entries to the company's books so that the accounting records reflect the figures shown in the statement of cash flows. Both methods are acceptable to the FASB for reporting purposes. Both methods comvert accrual-based income statement amounts to cash flow results

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