Question: E16-2 Comparing the Direct and Indirect Methods To compare statement of cash flows reporting under the direct and indirect methods, enter check marks to indicate

E16-2 Comparing the Direct and Indirect Methods To compare statement of cash flows reporting under the direct and indirect methods, enter check marks to indicate which line items are reported on the statement of cash flows with each method.

Statement of Cash Flows Method Cash Flows (and Related Changes) Direct Indirect 1. Net income. 2. Receipts from customers. 3. Accounts receivable increase or decrease. 4. Payments to suppliers. 5. Inventory increase or decrease. 6. Accounts payable increase or decrease. 7. Payments to employees. 8. Wages payable, increase or decrease. 9. Depreciation expense. 10. Cash flows from operating activities. 11. Cash flows from investing activities. 12. Cash flows from financing activities. 13. Net increase or decrease in cash during the period.

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