Which of the following is a true statement about the difference between the direct and...
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Accounting
Which of the following is a true statement about the difference between the direct and indirect methods for preparing the cash flow statement operating activities section
A They both result in the same amount of net cash flow from operating activities.
B They present identical information but in a different format.
C The direct method always results in a higher net cash flow from operating activities.
D The indirect method is required under IFRS, while the direct method is allowed under GAAP.
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