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Asked Dec 20, 2019
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What are the major advantages of the indirect method of reporting cash flows from operating activities?

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Expert Answer

Step 1

Statement of cash flows: It is one of the financial statements that shows the cash and cash equivalents of a company for a particular period. It determines the net changes in cash through reporting the sources and uses of cash due to the operating, investing, and financing activities of a company.

Cash flows from...

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Financial Accounting

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