Under IFRS, the cash flow statement can be prepared using
A)the direct method only.
B)the indirect method only.
C)either the direct or indirect method.
D)the T-account method only.

Question

Quizplus · Accepted Answer

Under IFRS, the cash flow statement can be prepared using either the direct or indirect method. Both methods are acceptable and provide information about a company's operating, investing, and financing activities. The T-account method is not a recognized method for preparing the cash flow statement under IFRS.

Under IFRS, the Cash Flow Statement Can Be Prepared Using