Virginia Tech FIN FIN 3134 Which of the following is not true with regard to the preparation of a cash flow statement?
Which of the following is not true with regard to the preparation of a cash flow statement?
|Cash flows are categorized by operating, investing, and financing activities.|
|The changes in all income statement accounts are calculated and then listed as cash inflows or outflows.|
|The direct method or the indirect method may be used to prepare the statement of cash flows.|
|The changes in all of the balance sheet accounts are calculated and then listed as inflows or outflows, except for cash.|
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