Question:What does the indirect method of preparing the cash flow statement effectively accomplish? 

A It keeps the use of cash vague so the reader cannot tell the exact use 
B It is a less detailed summary version of use of cash 
C It takes the accrual basis of accounting and converts it to cash basis 
D It shows the reader how well the management is performing 

+ Answer
C 

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Md. Habib Ullah

Editor, VCampus

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