In Preparing a Statement of Cash Flows, Cash Flows from Operating

Multiple Choice

In preparing a statement of cash flows, cash flows from operating activities

A) are always equal to accrual accounting income.
B) are calculated as the difference between revenues and expenses.
C) can be calculated by appropriately adding to or deducting from net income those items in the income statement that do not affect cash.
D) can be calculated by appropriately adding to or deducting from net income those items in the income statement that do affect cash.