USE FASB WEBSITE

Answer the following questions by reference to the FASB Codification Accounting Standards. Include the appropriate citation reference to your response at the beginning of the response.

Question #1 In preparing a consolidated statement of cash flows, is a firm required to disclose cash flow per share?

Question #2 Firms adopting the direct method to prepare the statement of cash flows often include a reconciliation of net income to net cash flows from operating activities. Is this required, and, if so, how should it be presented?