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All of the following statements are true regarding cash flow presentations except Question 20

For each of the following items, indicate by using the appropriate code letter, how the item should be reported in the statement of cash flows, using the indirect method. ===================================================

Chapter 10 Quiz Question 1

A current liability must be paid out of current earnings. Question 2

Most notes are not interest bearing. Question 3

Unearned revenues are received before goods are delivered or services are rendered. Question 4