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Class there are two methods for preparing the stat...

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Class there are two methods for preparing the statment of cash flows; indirect and direct. GAAP says we should use direct, but the easier one to use is the indirect. Please talk about what each one is, what are the differences between the two, similarities and why would GAAP want the direct method.,Thank you

 

Paper#3292 | Written in 18-Jul-2015

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