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  3. Study Set
    Financial Reporting for Managers
  4. Exam
    Exam 3: The Measurement Framework and Mechanics of Financial Accounting
  5. Question
    The Statement of Cash Flows (Direct Method) Is Prepared Directly
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The Statement of Cash Flows (Direct Method) Is Prepared Directly

Question 21

Question 21

Multiple Choice

The statement of cash flows (direct method) is prepared directly from


A) the balance sheet.
B) the activity in the cash account.
C) the activity in the retained earnings account.
D) the amounts that appear on the income statement.

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