Under the direct method,the operating activities section begins with net income,which is converted into net cash inflow or net cash outflow.

Name: Under the direct method,the operating activities section begins with net income,which is converted into net cash inflow or net cash outflow.
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Question

Quizplus · Accepted Answer

Under the direct method, the operating activities section begins with cash receipts from customers and deducts cash payments to suppliers and employees, rather than starting with net income.

Under the Direct Method,the Operating Activities Section Begins with Net