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Which of the following statements is not true? Multiple Choice The direct method presents cash inflows and outflows. The indirect method begins with net income.
Which of the following statements is not true?
Multiple Choice
- The direct method presents cash inflows and outflows.
- The indirect method begins with net income.
- Cash flows from operating activities will differ between the direct and indirect methods.
- Most firms use the indirect method to prepare the statement of cash flows
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Managerial Accounting A Focus on Ethical Decision Making
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins
5th edition
324663854, 978-0324663853
