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Under the indirect method A) net income is the first amount reported on the statement...

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Question

Accounting

Under the indirect method

A) net income is the first amount reported on the statement of cash flows.

B) the balance sheet accounts should be analyzed in their order of liquidity.

C) the first account normally analyzed is Cash.

D) a change in any balance sheet account (excluding cash) can be analyzed in terms of changes in other balance sheet accounts.

Answer: A

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