Which of the Following Methods, Allowed by U

question 94

Multiple Choice

Which of the following methods, allowed by U.S.GAAP, report(s) the net income for a period adjusted by revenues converted to cash received from customers and expenses converted to cash disbursed to various suppliers of goods and services?

• 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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