Which of the following statements concerning the statement of cash flows is true?
A) The statement of cash flows is usually more accurate when using the indirect method.
B) If the direct method is used, a supplementary schedule reconciling net income to net cash from operating activities must still be provided.
C) The statement of cash flows reflects both earnings per share and cash per share.
D) The statement of cash flows is an optional financial statement for external reporting purposes.

Question

Quizplus · Accepted Answer

If the direct method is used for the statement of cash flows, a supplementary schedule reconciling net income to net cash from operating activities is required to be provided.

Which of the Following Statements Concerning the Statement of Cash