Preparers of the statement of cash flow must choose the direct or indirect method for each activity section of the statement.

Name: Preparers of the statement of cash flow must choose the direct or indirect method for each activity section of the statement.
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Question

Quizplus · Accepted Answer

Preparers of the statement of cash flows must choose either the direct or indirect method for the operating activities section only, while the investing and financing sections are presented in the same manner regardless of the method chosen.

Preparers of the Statement of Cash Flow Must Choose the Direct