Which of the following describes the only difference between the direct and indirect methods of preparing the statement of cash flows?
A)The manner in which cash flows from operating activities is presented.
B)The manner in which cash flows from investing activities is presented.
C)The manner in which cash flows from financing activities is presented.
D)Whether a schedule of noncash items needs to be presented.

Question

Quizplus · Accepted Answer

Under generally accepted accounting principles,the operating activities section of the statement of cash flows can be presented using either the direct or the indirect method.

Which of the Following Describes the Only Difference Between the Direct