Which statement is most true about the operating section


Problem: Consider the operating section in a Statement of Cash Flows. Which statement is most true about the operating section? The operating section: Group of answer choices takes net income from the income statement and adjusts for changes in investing and financing activities to get to a cash basis statement of operations takes net income from the income statement and adjusts for various non-cash items, non-operating items and accruals to get to a cash basis statement of operations takes a cash basis statement of operations and adjusts for various non-cash items to give a more accurate portrayal of cash flow from operations takes a cash basis statement of operations and connects it to various changes in current operating accounts from the balance sheet

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Accounting Basics: Which statement is most true about the operating section
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