Author Question: If a company uses the indirect method of calculating cash from operating activities, net income is ... (Read 81 times)

AEWBW · **on:** Jul 5, 2018

If a company uses the indirect method of calculating cash from operating activities, net income is adjusted for non-cash transactions.

Indicate whether the statement is true or false

Question 2

A common approach to keeping a record of each customer's accounts receivable is to use a
a. sales journal.
b. subsidiary accounts receivable ledger.
c. controlling account.
d. general journal.