Using the direct method,operating cash receipts includes cash received from customers.

Direct Method

A method of preparing the cash flow statement where actual cash flow information from the company's operations is used, as opposed to indirect method adjustments.

Operating Cash Receipts

Money received by a company from its operational activities, such as sales of goods or services.

Identify the classification of cash receipts and payments according to the statement of cash flows.
Recognize how the direct and indirect methods for cash flows from operating activities are applied.

Verified Answer

Mackenzie RuthvenOct 21, 2024

Final Answer:

Get Full Answer

Learning Objectives

Identify the classification of cash receipts and payments according to the statement of cash flows.
Recognize how the direct and indirect methods for cash flows from operating activities are applied.

Using the direct method,operating cash receipts includes cash received from customers.

Definitions

Learning Objectives

Learning Objectives

Related questions