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Which of the following statements is correct regarding the direct and indirect methods of preparing the operating activities section of the statement of cash flows?
Which of the following statements is correct regarding the direct and indirect methods of preparing the operating activities section of the statement of cash flows?
Multiple choice question.
Cash from operating activities is the same under either method.
Cash from operating activities tends to be higher under the direct method.
Cash from operating activities tends to be higher under the indirect method.
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