When using the indirect method, the amount of net cash flow from operating activities will be higher than it would be if the direct method were used.
Answer the following statement true (T) or false (F)
False
The amount of net cash flow from operating activities is the same whether it is presented using the indirect or the direct method.
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The oral presentation is not important because the executives are also given a written report with all the important information in it
Indicate whether the statement is true or false
The mandamus is the basic selling document of a 1933 Act registered offering.
Answer the following statement true (T) or false (F)
The extent to which a firm adjusts net income for changes in noncurrent assets and noncurrent liabilities in deriving cash flow from operations depends on the nature of its operations. Some firms use _____ to finance the working capital needs
a. suppliers b. equity financing c. short-term borrowing d. long-term borrowing e. all of the above
When nonmanufacturing costs are subtracted from gross margin, the result is called:
A) cost of goods sold. B) net operating income. C) sales. D) nonmanufacturing income.