Question
Respond to the following questions thoroughly, in 150-300 words for each question. 1.Some might argue that the statement of cash flows is an optional financial
Respond to the following questions thoroughly, in 150-300 words for each question.
1.Some might argue that the statement of cash flows is an optional financial statement and does not provide critical information needed for a firm or investor to succeed. Do you agree with this statement? Why or why not?
2.There are two methods for constructing the statement of cash flows: the direct method and the indirect method. What are the similarities and differences between the two methods? Which of the two is most preferred? Which is required by FASB?
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Financial Management Principles And Practices
Authors: Timothy J. Gallagher
9th Edition
1954156103, 978-1954156104
