Choose the Correct Statement About Preparation of the Statement of Cash

question 175

Multiple Choice

Choose the correct statement about preparation of the Statement of Cash Flows:

• A)Only the indirect method is required; the direct method is optional
• B)A spreadsheet must be used in computerized situations
• C)No particular preparation method is mandated by GAAP
• D)The direct method must be used unless available information does not permit it, in which case the indirect method may be used

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