fill in the blank question\ncarol co. prepares a statement of cash flows starting with net income and then…

fill in the blank question\ncarol co. prepares a statement of cash flows starting with net income and then adjusting for items that do not affect cash. carol co. is using the (direct/indirect) method of reporting the statement of cash flows.\nneed help? review these concept resources.\nread about the concept\nrate your confidence to submit your answer. high medium low

fill in the blank question\ncarol co. prepares a statement of cash flows starting with net income and then adjusting for items that do not affect cash. carol co. is using the (direct/indirect) method of reporting the statement of cash flows.\nneed help? review these concept resources.\nread about the concept\nrate your confidence to submit your answer. high medium low

Answer

Brief Explanations:

The indirect method of preparing the statement of cash - flows starts with net income and then adjusts for non - cash items. The direct method lists actual cash receipts and payments.

Answer:

indirect