uses of cash in the current period. 5- Multiple Choice Question 90
Starting with net income and adjusting it for items that affected reported net income but which did not affect cash is called the
cost-benefit method. direct method. indirect method. working capital method 6- Multiple Choice Question 93
In developing the cash flows from operating activities, most companies in the U. S.
prepare the operating activities section on the accrual basis. use the direct method. use the indirect method. present both the indirect and direct methods in their financial reports. 7- Multiple Choice Question 71
Carrot Company issued common stock for proceeds of $ 381,000 during 2013. The company paid dividends of $ 90,000 and issued a long-term note payable for $ 95,000 in exchange for equipment during