which of the following statements is not true? multiple choice the indirect method begins with net income. cash flows from operating activities will differ between the direct and indirect methods. most firms use the indirect method to prepare the statement of cash flows. the direct method presents cash inflows and outflows.

Employees' gross pay is their salary before any payroll deductions such as taxes, benefits, and other expenses are made. Net pay, often known as take-home pay, is the amount that is left over once all withholdings have been taken into account.

Why do we compute net income?

Net income is a company's profit after all costs have been subtracted from sales. Net income is a comprehensive indicator of profitability that sheds light on how effectively the management team is managing every part of the company.

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