a. List the three primary sources of information required to prepare a statement of cash flows. b.

Question:

a. List the three primary sources of information required to prepare a statement of cash flows.
b. A company may report its accounts receivable at the gross amount less an allowance for bad debts. Contrast the direct and indirect methods of adjusting for accounts receivable reported at the gross amount.
c. Briefly discuss the alternatives for reporting discontinued operations in the statement of cash flows.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...

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