When the direct method is used to prepare the statement of cash flows, cash inflows from customers and cash outflows for depreciation are among the categories of cash flows likely to be reported.

Name: When the direct method is used to prepare the statement of cash flows, cash inflows from customers and cash outflows for depreciation are among the categories of cash flows likely to be reported.
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Question

Quizplus · Accepted Answer

There are no cash flows related to depreciation expense.

When the Direct Method Is Used to Prepare the Statement