The direct method for the preparation of the operating activities section of the statement of cash flows:
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The direct method for the preparation of the operating activities section of the statement of cash flows:
| Separately lists each major item of operating cash receipts and cash payments. |
| Is required if the company is a merchandiser. |
| Reports a different amount of cash flows from operations than if the indirect method is used. |
| Reports adjustments to reconcile income to net cash provided or used by operating activities in the statement. |
Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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