When a Statement of Cash Flows Is Prepared Using the Indirect

question 38

Multiple Choice

When a statement of cash flows is prepared using the indirect method,

• A)net income is the starting point in determining cash flows from operations.
• B)cash paid for dividends is not included.
• C)the increase in cash is different than when the direct method is used.
• D)the amount of cash collected from customers is calculated.

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