Most companies use the indirect method of computing the change in cash from operating activities because of
Question:
Most companies use the indirect method of computing the change in cash from operating activities because of the following reason(s):
a. The FASB prefers the indirect method.
b. It is less costly to prepare than the direct method.
c. The indirect method arrives at a higher cash inflow amount.
d. Both
(a) and
(b) are correct.
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