Under the direct method to cash flow statement preparation,net cash flows from operations is arrived at by adjusting income for the differences between accrual-basis revenues and expenses and cash inflows and outflows during the period.

Question

Quizplus · Accepted Answer

The direct method calculates net cash flows from operations by listing actual cash receipts and payments, not by adjusting accrual-basis revenues and expenses.

Under the Direct Method to Cash Flow Statement Preparation,net Cash