Which among the adhering to statements is not true about statements of cash flows prepared according to U.S. GAAP?
· The operating area of the indirect method starts with the net revenue of the duration.
You are watching: Which of the following statements about the statement of cash flows is not correct?
· In the instraight technique statement, the period's depreciation is added to net earnings bereason it is a resource of cash.
· Interemainder payments are had in the operating area of the straight approach statement.
· The investing section of the direct method statement for a period is similar to the investing area of the indirect technique statement for the exact same duration.
Apr 05 2021 12:43 PM
1 Approved Answer
nihal k answered on April 07, 2021
5 Ratings, (15 Votes)
Answer:The correct answer is b. In the indirect strategy statement, the period"s depreciation is included to net revenue bereason it is a source of cashExplanation:Indirect technique make adjustment to reconcile the...
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