Firms using the direct method of reporting operating activities must add back depreciation because it does not
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Firms using the direct method of reporting operating activities
must add back depreciation because it does not include the outflow of cash.
do not include investing and financing sections on the statement of cash flows.
must add back income taxes paid.
must present major classes of gross receipts and disbursements
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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