Contrast the advantages and disadvantages of the direct and indirect methods of preparing the statement of cash

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Contrast the advantages and disadvantages of the direct and indirect methods of preparing the statement of cash flows. Are both methods acceptable? Which method is preferred by the FASB? Which method is more popular? Discuss.

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Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Sep 21, 2011 01:36 PM

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Contrast the advantages and disadvantages of the direct and indirect methods of preparing the statement of cash

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The advantage of the direct method is that it presents the major categories of ...View the full answer

Financial Accounting Tools for business decision making

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