When Using the Spreadsheet Approach for the Indirect Method to Calculate

question 23

Multiple Choice

When using the spreadsheet approach for the indirect method to calculate net cash flows from operating activities, net income would be found as:

• A) a debit to the Retained Earnings account.
• B) the difference between revenues and expenses.
• C) a credit to the Retained Earnings.
• D) the difference between gains and losses.

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