2A1F THE PRESENTATION OF THE MAJOR CLASSES OF OPERATING CASH RECEIPTS...

18.

CSO: 2A1d

LOS: 2A1f

The presentation of the major classes of operating cash receipts (such as receipts from

customers) less the major classes of operating cash disbursements (such as cash paid for

merchandise) is best described as the

a.

direct method of calculating net cash provided or used by operating activities.

b.

cash method of determining income in conformity with generally accepted

accounting principles.

c.

format of the statement of cash flows.

d.

indirect method of calculating net cash provided or used by operating activities.