Which of the Following Is the Method of Reporting Amounts

question 13

Multiple Choice

Which of the following is the method of reporting amounts of cash received from customers less cash disbursed to various suppliers, employees, lenders for interest payments, and taxing authorities, allowed by U.S.GAAP?

• A)the direct method
• B)the indirect method
• C)both the direct method and the indirect method
• D)the schedule of cash receipts and cash disbursements
• E)the funds flow statement

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