Which one of the following statements is not true about statements of cash flows prepared according to U.S. GAAP?
· The operating ar of the indirect technique starts with the net income of the period.
You are watching: Which of the following statements about the statement of cash flows is not correct?
· In the indirect method statement, the period's depreciation is added to net income since it is a resource of cash.
· interest payments are consisted of in the operating ar of the direct an approach statement.
· The investing ar of the direct technique statement because that a period is similar to the investing section of the indirect an approach statement because that the same period.
Apr 05 2021 12:43 pm
1 authorized Answer
nihal k answer on April 07, 2021
5 Ratings, (15 Votes)
Answer:The correct answer is b. In the indirect an approach statement, the period"s depreciation is included to net income since it is a source of cashExplanation:Indirect technique make adjustment to reconcile the...
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