Either the direct method or the indirect method may be used to report cash flows from operating

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Either the direct method or the indirect method may be used to report cash flows from operating activities. What is the difference in approach for the two methods?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 06:31 AM

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Either the direct method or the indirect method may be used to report cash flows from operating

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The direct method reports all operating cash receipts and cash payments The difference between ca...View the full answer

Intermediate Accounting

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