Both the direct and indirect method yield the same total amount for net cash provided or used by operating activities.

Name: Both the direct and indirect method yield the same total amount for net cash provided or used by operating activities.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Both methods, direct and indirect, are designed to calculate the same amount of net cash provided or used by operating activities, even though they take different approaches to get there.

Both the Direct and Indirect Method Yield the Same Total