When the indirect method is used, GAAP requires a separate schedule reconciling cash flows from operating activities to net income.

Name: When the indirect method is used, GAAP requires a separate schedule reconciling cash flows from operating activities to net income.
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Quizplus · Accepted Answer

Under GAAP, the indirect method itself reconciles net income to cash flows from operating activities, so a separate schedule is not required.

When the Indirect Method Is Used, GAAP Requires a Separate