What is the need for a reconciliation statement when a company prepares cash flow statements under the
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What is the need for a reconciliation statement when a company prepares cash flow statements under the direct method?
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When a company prepares a cash flow statement using the direct method it is necessary to prepare a r...View the full answer
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Related Book For
Introduction To Management Accounting
ISBN: 9781292412566
17th Edition, Global Edition
Authors: Charles Horngren, Gary L Sundem, Dave Burgstahler
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In order to determine the amount of cash created by operating operations, the indirect technique for preparing the statement of cash flows entails adjusting net income with changes in balance sheet.
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