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Under the Direct Method of Preparing the Statement of Cash

Question 125

Multiple Choice

Under the direct method of preparing the statement of cash flows, which statement is CORRECT regarding the method of computing interest revenue?


A) Interest revenue plus a decrease in interest receivable
B) Sales plus a decrease in interest receivable
C) Interest revenue less a decrease in interest receivable
D) Interest revenue plus an increase in interest receivable

Correct Answer:

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