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Completing the cash flows from operating activities section of the statement of cash flows under the indirect method involves at least two steps:
Completing the cash flows from operating activities section of the statement of cash flows under the indirect method involves at least two steps: (1) adjusting net income for non-cash items like depreciation and amortization expense and (2) adjusting net income for changes in current assets and current liabilities that result from operating activities. A) B) Any transaction that changes cash must be accompanied by a change in liabilities, stockholders" equity or non-cash assets. Which of the following statements is False? A) B) Any transaction that changes cash must be accompanied by a change in liabilities, stockholders" equity or non-cash assets.
