Under the indirect method,the first line in the Operating Activities section of the statement of cash flows is the net income or loss for the period.

Name: Under the indirect method,the first line in the Operating Activities section of the statement of cash flows is the net income or loss for the period.
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Question

Quizplus · Accepted Answer

This is true. The indirect method starts with net income or loss for the period as the first line item in the Operating Activities section of the statement of cash flows.

Under the Indirect Method,the First Line in the Operating Activities