Question: a. What are the similarities and differences between the direct and indirect methods of preparing the statement of cash flows? b. In practice, do more

a. What are the similarities and differences between the direct and indirect methods of preparing the statement of cash flows?
b. In practice, do more companies use the direct or indirect method of preparation?
c. Does the IASB encourage the use of the direct or indirect method of presenting the statement of cash flows?

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