Bassam A. Which of the following items is reported in the statement of cash flows using the direct method? A. Depreciation expense. B. Gain on sale of an asset. C. Cash received from customers. D. Loss on sale of an asset.
1 Expert Answer
Serge M. answered • 12/14/16
PhD and CPE with 40 years of experience teaching accounting
C. All the other items are shown with the indirect method.
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