Question: Cash flows from operating activities are calculated differently under the direct and indirect methods. Under the direct method, cash flows from operating activities are calculated

Cash flows from operating activities are calculated differently under the direct and indirect methods. Under the direct method, cash flows from operating activities are calculated by:
A. Adjusting net income for changes in current assets and current liabilities
B. Listing all cash receipts and cash payments
C. Subtracting cash outflows from cash inflows
D. None of the above

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