Under the indirect method of preparing the operating section of the statement of cash flows, net cash provided by operating activities is $387,000. If the direct method of preparing the operating section of the statement of cash flows was used: OA net cash provided by operating activities would be less than $387,000. OB. net cash provided by operating activities would be more than $387,000. OC. net cash provided by financing and investing activities would equal $387,000. OD. net cash provided by operating activities would be the same, $387,000.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Under the indirect method of preparing the operating section of the statement of cash flows, net cash provided by operating activities is $387,000. If the direct method of preparing the operating section of the statement of cash flows was used:
OA. net cash provided by operating activities would be less than $387,000.
O B. net cash provided by operating activities would be more than $387,000.
OC. net cash provided by financing and investing activities would equal $387,000.
OD. net cash provided by operating activities would be the same, $387,000.
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Transcribed Image Text:Under the indirect method of preparing the operating section of the statement of cash flows, net cash provided by operating activities is $387,000. If the direct method of preparing the operating section of the statement of cash flows was used: OA. net cash provided by operating activities would be less than $387,000. O B. net cash provided by operating activities would be more than $387,000. OC. net cash provided by financing and investing activities would equal $387,000. OD. net cash provided by operating activities would be the same, $387,000. Next MacBook Air esc 80 888 FI DII DD F4 FS F7 F8 F9 F10 F11 F12 @ 23 $ & * 1 2 3 4 7 8 delete Q W E R T { tab Y U A S aps lock G J K retur +
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