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| With respect to the content and form of the statement of cash flows, A. The indirect method adjusts ending retained earnings to reconcile it to net cash flows from operations. B. The pronouncements covering the cash flow statement encourage the use of the indirect method. C. The reconciliation of the net income to net operating cash flow need not be presented when using the direct method. D. The direct method of reporting cash flows from operating activities includes disclosing the major classes of gross cash receipts and gross cash payments. |