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Which Statement Below Is Correct Concerning the Majority of Companies

Question 94

Multiple Choice

Which statement below is correct concerning the majority of companies' preferences in preparing the statement of cash flows?


A) Most companies use the direct method.
B) Most companies use the indirect method.
C) About half of public companies use the direct method and the other half use the indirect method.
D) Most companies use both the direct and indirect methods.

Correct Answer:

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