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A Statement of Cash Flows Is Being Prepared Using Accrual

Question 10

Multiple Choice

A statement of cash flows is being prepared using accrual based information. Using the direct write-off method to calculate cash receipts from customers, bad debts written off is:


A) not adjusted.
B) shown as cash outgoing.
C) added to accrual-basis revenue.
D) subtracted from accrual-basis revenue.

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