In a group of one or two other students, go to the library and locate Statement of Financial Accounting Standards No. 95, "Statement of Cash Flows," published by the Financial Accounting Standards Board. Write a report to your instructor answering the following questions:

1. Why did the Board settle on cash flows instead of working capital flows?

2. Why did the Board strongly recommend use of the direct method?

3. Why did some members of the Board dissent from the final statement?