Question: The direct method of presenting net cash flow from operating activities: Question options: Must be used in a statement of cash flows Shows the major

The direct method of presenting net cash flow from operating activities:

Question options:

Must be used in a statement of cash flows

Shows the major categories of operating cash receipts and cash payments

Is used when there are no cash flows from investing and financing activities

Reconciles accrual basis net income to a cash basis amount

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