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    Business
  3. Study Set
    Fundamental Financial Accounting Concepts Study Set 1
  4. Exam
    Exam 12: Statement of Cash Flows
  5. Question
    The Indirect Method for Preparing the Operating Activities Section of the Statement
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The Indirect Method for Preparing the Operating Activities Section of the Statement

Question 20

Question 20

True/False

The indirect method for preparing the operating activities section of the statement of cash flows begins with the amount of sales revenue reported on the income statement.

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