Asked by
Shandi Norwood
on Oct 15, 2024
Verified
The direct method separately lists operating cash receipts,such as cash received from customers.
Direct Method
A method for creating a cash flow statement where actual cash flow information from operations is used rather than adjustments to net income.
Operating Cash Receipts
Cash received by a company from its core business operations.
- Distinguish between the direct and indirect methods of reporting cash flows from operating activities.
Verified Answer
VD
Learning Objectives
- Distinguish between the direct and indirect methods of reporting cash flows from operating activities.
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