According to the 2011 edition of Accounting Trends and Techniques, approximately what percentage of companies use the indirect 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, approximately 98% of companies use the indirect method to report cash flows provided by operating activities. This method starts with net income and adjusts for non-cash transactions and changes in working capital to arrive at cash provided by operating activities.

According to the 2011 Edition of Accounting Trends and Techniques