Which of the following would appear on the direct method cash flow statement?

Name: Which of the following would appear on the direct method cash flow statement?
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Question

Quizplus · Accepted Answer

The direct method cash flow statement reports actual cash inflows and outflows, so the only item that would appear on this statement is cash payments for salaries. Loss on sale of equipment and amortization of patents and equipment would appear on the income statement or indirect method cash flow statement.

Which of the Following Would Appear on the Direct Method