With the indirect method of presenting cash from operations,the income statement is essentially presented on a cash receipts and cash payments basis.

Question

Quizplus · Accepted Answer

The indirect method of presenting cash from operations starts with net income and adjusts for non-cash items and changes in current assets and liabilities to arrive at cash from operations. It does not present the income statement on a cash receipts and cash payments basis.

With the Indirect Method of Presenting Cash from Operations,the Income