According to the 2011 edition of Accounting Trends and Techniques, approximately what percentage of companies use the direct method to report cash flows provided by operating activities?
A)2%
B)33%
C)67%
D)98%

Question

Quizplus · Accepted Answer

According to the 2011 edition of Accounting Trends and Techniques, only about 2% of companies use the direct method to report cash flows provided by operating activities. The vast majority use the indirect method.

According to the 2011 Edition of Accounting Trends and Techniques