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Question 1 i)An entity may report an accounting loss and still report a positive net cash flows from its operating activities. Explain how this could

Question 1

i)An entity may report an accounting loss and still report a positive net cash flows from its operating activities. Explain how this could happen. Assume the direct method was used to determine the CFOA

ii) NZ IAS 7 Statement of Cash Flowsallows an entity to choose how to report cash flows from operating activities. Do you consider one method to be more useful than the other? Why?

Need answers a little detail. thanks!

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