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.

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: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter12: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12.3DC

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