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.