Weymouth Company Uses the Indirect Method to Prepare the Operating

question 139

True/False

Weymouth Company uses the indirect method to prepare the operating activities section of its statement of cash flows. Indicate whether each of the following statements is true or false.
a)________ Depreciation expense would be subtracted from net income when determining the amount of cash flow from operating activities.b)________ Losses would be added to net income when determining the amount of cash flow from operating activities.c)________ Cash flow from investing activities would be reported the same as if the direct method were used.d)________ The amount of net cash flow from operating activities will be higher than it would be if the direct method were used.e)________ With the indirect method, a decrease in accounts receivable is added to net income in calculating the amount of cash flows from operating activities.

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