Question: The direct method of presenting net cash flow from operating activities: Question 7 options: Shows the major categories of operating cash receipts and cash payments

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

Question 7 options:

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

Must be used in a statement of cash flows

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