Which method of preparing the operating activities section of the statement of cash flows consists of a summary of each component of operating transactions that result in either a debit or a credit to cash?
A)Direct method.
B)Indirect method.
C)Accrual method.
D)Cash method.

Question

Quizplus · Accepted Answer

The direct method presents a summary of all operating transactions that result in either a debit or a credit to cash.

Which Method of Preparing the Operating Activities Section of the Statement