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which of the following statements about the indirect method of calculating the statement of cash flows is FALSE? A: depreciation is added back to net
which of the following statements about the indirect method of calculating the statement of cash flows is FALSE?
A: depreciation is added back to net income since it is an expense not requiring cash
B: adjustments are made for the fiscal periods changes to working capital (current assets and current liability) accounts.
C: No adjustment is needed to account for changes in accounts recievable since no cash was involved.
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