Question: The direct method of reporting operating cash flows: Multiple Choice Separately lists cash receipts and payments. Must be used by all companies. Is used by

The direct method of reporting operating cash flows:

Multiple Choice

  • Separately lists cash receipts and payments.

  • Must be used by all companies.

  • Is used by most companies.

  • Is considered supplementary disclosure.

  • Is not recommended by the FASB, but is commonly used.

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