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The statement of cash flows will not report the
amount of checks outstanding at the end of the period.
change in the cash balance for the current period.
sources of cash in the current period.
uses of cash in the current period.
5Multiple 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
6Multiple 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.