Which among the adhering to statements is not true around statements of cash flows ready according to UNITED STATE GAAP?
· The operating section of the indirect strategy starts via the net earnings of the period.
You are watching: Which of the following is not correct about the statement of cash flows?
· In the indirect method statement, the period's depreciation is included to net earnings bereason it is a resource of cash.
· Interemainder payments are contained in the operating area of the direct method statement.
· The investing area of the direct method statement for a duration is similar to the investing section of the instraight method statement for the very same duration.
Apr 05 2021 12:43 PM
1 Apverified Answer
nihal kanswered on April 07, 2021
Answer:The correct answer is b. In the instraight technique statement, the period"s depreciation is added to net earnings because it is a resource of cashExplanation:Indirect method make adjustment to reconcile the...
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