Which of the following about the statement of cash flows is incorrect? a. The direct method may

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Which of the following about the statement of cash flows is incorrect?

a. The direct method may be used to report cash provided by operations.

b. The statement shows the cash provided (used) for three categories of activity.

c. The operating section is the last section of the statement.

d. The indirect method may be used to report cash provided by operations.
Questions 8 and 9 apply only to the indirect method.

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 14, 2024 01:14 AM

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Which of the following about the statement of cash flows is incorrect? a. The direct method may

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Financial Accounting

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