Answer the following:
a. What are the similarities and differences between the direct and indirect methods of preparing the statement of cash flows?
b. In practice, which method of preparation is used for the statement of cash flows and why?
c. Is the indirect method of presenting the statement of cash flows required by the IASB?
d. Briefly discuss how unrealized gains and losses arising from an investments at FVPL that are held for trading purposes are reported on the statement of cash flows.

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The Answer of Answer the following:
a. What are the similarities and differences between the direct and indirect methods of preparing the statement of cash flows?
b. In practice, which method of preparation is used for the statement of cash flows and why?
c. Is the indirect method of presenting the statement of cash flows required by the IASB?
d. Briefly discuss how unrealized gains and losses arising from an investments at FVPL that are held for trading purposes are reported on the statement of cash flows.

Answer the Following: A. What Are the Similarities and Differences Between the Direct