Question: Presented below is the operating activities section of the statement of cash flows for Hines Corp. for 2010: Operating activities: Cash collected from customers $165,000
Presented below is the operating activities section of the statement of cash flows for Hines Corp. for 2010: Operating activities: Cash collected from customers $165,000 Cash payments for merchandise (83,000) Cash payments for operating expenses (58,000) Net cash inflow from operating activities $ 24,000 Which method of preparing the operating activities section has Hines used? Question 11 options: 1) The direct method. 2) The indirect method. 3) Either method. 4) Cannot be determined without further information
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