To calculate cash flows from operating activities under the direct method you need: a. Profit, and adjust

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To calculate cash flows from operating activities under the direct method you need:

a. Profit, and adjust for increases and decreases in receivables

b. The cash and cash equivalents balance on the balance sheet, and adjust for customer activities

c. Sales, and adjust for changes in receivables over the previous period to determine total cash received from customers

d. None 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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To calculate cash flows from operating activities under the direct method you need: a. Profit, and adjust

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c Sales and adjust for ...View the full answer

Fundamental Accounting Principles Volume II

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