The indirect method of reporting cash flows begins with profit and adjusts for: a. Changes in non-cash

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The indirect method of reporting cash flows begins with profit and adjusts for:

a. Changes in non-cash current assets and current liabilities relating to operating activities

b. Income statement items involving operating activities that do not affect cash inflows and outflows for the period

c. Elimination of gains and losses resulting from investing and financing activities

d. All of the above.

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Fundamental Accounting Principles Volume II

ISBN: 978-1260305838

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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Question Posted: Dec 19, 2019 04:46 AM

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The indirect method of reporting cash flows begins with profit and adjusts for: a. Changes in non-cash

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Fundamental Accounting Principles Volume II

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