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In preparing a statement of cash flows under the INDIRECT method, cash flows from operating...

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Accounting

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In preparing a statement of cash flows under the INDIRECT method, cash flows from operating activities O are calculated as the difference between revenues and expenses. O are always equal to accrual accounting income. O can be calculated by appropriately adding to or deducting from net income those items in the income statement that do not affect cash. o can be calculated by appropriately adding to or deducting from net income those items in the income statement that do affect cash

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