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Select TWO of the following topics to discuss: 1. Discuss the purposes of Statement of the Cash Flow, and what makes SCF different from other

Select TWO of the following topics to discuss:

1. Discuss the purposes of Statement of the Cash Flow, and what makes SCF different from other financial reports (e.g., Balance Sheet & Income Statement).

2. Discuss differences between Direct and Indirect methods to prepare a Statement of Cash Flow.

3. Discuss the Indirect method in more detail.

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