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Asked by 2 years ago
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BUS591: Financial Accounting & Analysis Week 6 - Discussion 1 Financial statement preparers have two choices in preparing the statement of cash flows: the indirect method and the direct method. The indirect method is used extensively in practice even though the . has expressed a preference for the direct method. Discuss the similarities and differences between the direct and indirect methods, and the advantages of using each method. Your answer should illustrate understanding of the cash flow statement. A minimum of 100 to 200 words is required for your answer. Respond to at least two of your classmates' posts. There are two ways a company can display their Cash Flow Statement. Firstly, a Cash Flow Statement reports cash receipts/cash payments from operating activities. It also...

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Answered by 2 years ago
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Excerpt from file: BUS591:FinancialAccounting&AnalysisWeek6Discussion1 Financialstatementpreparershavetwochoicesinpreparingthestatementofcashflows:the indirectmethodandthedirectmethod.Theindirectmethodisusedextensivelyinpracticeeven thoughthe.hasexpressedapreferenceforthedirectmethod.Discussthesimilarities...

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Asked: 2 years ago

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