When the indirect method is used,details from which of the following balance sheet accounts are used in calculating both operating and financing cash flows?
A)Bonds payable.
B)Taxes payable.
C)Retained earnings.
D)Contributed capital.

Question

Quizplus · Accepted Answer

Details from the Retained Earnings account are used in calculating both operating and financing cash flows when the indirect method is used.

When the Indirect Method Is Used,details from Which of the Following