The only difference between the cash flow statement prepared under the indirect method as opposed to the direct method is the manner in which the:
A) cash flows from financing activities is presented.
B) schedule of non-cashnoncash items is presented.
C) cash flows from investing activities is presented.
D) cash flows from operating activities is presented.

Question

Quizplus · Accepted Answer

Under generally accepted accounting principles,the operating activities section of the statement of cash flows can be presented using either the direct or the indirect method.The direct method explicitly (directly)identifies the major sources and uses of cash.

The Only Difference Between the Cash Flow Statement Prepared Under