Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the accounting for Not-For-Profits, what was recent change in the presentation of the operating cash flows? Present the net amount of operating cash flows

In the accounting for Not-For-Profits, what was recent change in the presentation of the operating cash flows?

Present the net amount of operating cash flows using either the direct or indirect method of reporting. It is no longer required to present or disclose the direct method reconciliation if using the indirect method. It is no longer required to present or disclose the indirect method reconciliation if using the direct method. Present the net amount of operating cash flows using only the indirect method of reporting.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Research On Professional Responsibility And Ethics In Accounting Volume 21

Authors: Cynthia Jeffrey

1st Edition

1787549739, 9781787549739

More Books

Students also viewed these Accounting questions

Question

How does selection differ from recruitment ?

Answered: 1 week ago