When preparing the operating section of the cash flow statement using the indirect method, which of the following financial statements or sections in the financial statement are used? O Long-term liabilities and stockholders' equity from the balance sheet. O Long-term assets from the balance sheet. O Income statement plus long-term assets from the balance sheet. O Income statement plus current assets and current liabilities from the balance sheet.

When preparing the operating section of the cash flow statement using the indirect method, which of the following financial statements or sections in the financial statement are used? O Long-term liabilities and stockholders' equity from the balance sheet. O Long-term assets from the balance sheet. O Income statement plus long-term assets from the balance sheet. O Income statement plus current assets and current liabilities from the balance sheet.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 13MCQ

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Similar questions

Which is the proper order of the sections of the statement of cash flows? A. financing, investing, operating B. operating, investing, financing C. investing, operating, financing D. operating, financing, investing
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