Question: IAS 7 does not provide explicit guidance with respect to the starting point for the use of the indirect method for determining cash flows from

IAS 7 does not provide explicit guidance with respect to the starting point for the use of the indirect method for determining cash flows from operating activities. Practice is mixed, with some companies using net income and other companies using operating income or income before interest and taxes, among other measures, for the starting point when presenting cash flows from operating activities.Is this true or false?

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