Grace Murray Hopper invented it
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Answer: False
Explanation:
The given statement is false, as in the indirect method there is decrease in the common stock value are not be subtracted from the net income because it is not the current liability.
In the cash flow method, the cash flow from the operating activities are prepared by using two methods that are:
- Direct method
- Indirect method
The cash flow indirect method, indicate the net income figure from the given income statement. It is basically used to represent the net cash with all the necessary earnings from the actual cash received.
