Describe similarities between the indirect and the direct method of te statement of cash flow. What is the same? What are the differences? If you have to choose between the two, which will you choose and why.

Describe similarities between the indirect and the direct method of te statement of cash flow. What is the same? What are the differences? If you have to choose between the two, which will you choose and why.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 2DQ

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Question

Describe similarities between the indirect and the direct method of te statement of cash flow.

What is the same?

What are the differences?

If you have to choose between the two, which will you choose and why.

For example:

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