Contrast the advantages and disadvantages of the direct and indirect methods of preparing the statement of cash

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Contrast the advantages and disadvantages of the direct and indirect methods of preparing the statement of cash flows. Are both methods acceptable? Which method is preferred by the FASB? Which method is more popular?

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Sep 13, 2011 07:54 AM

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Contrast the advantages and disadvantages of the direct and indirect methods of preparing the statement of cash

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The advantage of the direct method is that it presents the major categories of c...View the full answer

Accounting Principles

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