Question: Select all that apply Depreciation expense is added back in the cash flow statement. is deducted from net income in the cash flow statement. is

Select all that apply Depreciation expense is added back in the cash flow statement. is deducted from net income in the cash flow statement. is not a cash flow. does not appear in the cash flow statement. Identify the correct statement regarding the method used to determine cash flows from operating activities. O Both U.S. GAAP and IFRS encourage, but do not require the use of the direct method. O Both U.S. GAAP and IFRS require the use of the indirect method. O Both U.S. GAAP and IFRS require the use of the direct method

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