Multiple Choice
Which statement regarding the statement of cash flows is TRUE?
A) The indirect method is preferred by FASB and is used by most companies.
B) The direct method is preferred by FASB; the indirect method is used by most companies.
C) The direct method is preferred by FASB and is used by most companies.
D) The indirect method is preferred by FASB; the direct method is used by most companies.
Correct Answer:
Verified
Correct Answer:
Verified
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