Question

(Ch. 11)

The direct method for preparing the statement of cash flows reports: ________ received and ________ paid from operating activities

Answer 1

The direct method for preparing the statement of cash flows reports the cash received and paid from operating activities.

Step-by-step explanation:

The direct method for preparing the statement of cash flows reports the cash received and paid from operating activities. In the statement, the cash received includes receipts from customers, interest and dividends received, while the cash paid includes payments to suppliers, employees, and for operating expenses.