Ask Question
5 September, 05:24

If the direct method is used to report cash flows from operating activities in the body of the statement of cash flows, a reconciliation of net income to net cash flows from operating activities also is required. True or False

+1
Answers (1)
  1. 5 September, 08:10
    0
    True

    Explanation:

    "If the direct method is used to report cash flows from operating activities in the body of the statement of cash flows, a reconciliation of net income to net cash flows from operating activities also is required" is a true statement.

    In the field of finance, a report of cash flow is a statement that has the entire information related to the cash flow. It consists of all the data related to the inflow and outflow of cash and reports the analysis of how the financial activities have effected the overall balance of the statement and what needs to be done in the future.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If the direct method is used to report cash flows from operating activities in the body of the statement of cash flows, a reconciliation of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers