Accounting 1. Please explain the how to do the operating section of the cash flow statement when the indirect method is used. 2.Please explain the direct method for preparing the operating section of the Cash Flow Statement. 3.Please explain the customer consideration model for revenue recognition that has been developed by the IASB and the FASB. 4.Please explain revenue recognition concepts under current U.S. GAAP rules. 5.Please explain the difference between the static view of accounting theory and the

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Prepare the Statement of Cash Flows Using the Indirect Method The statement of cash flows is prepared by following these steps Step 1 Determine Net Cash Flows from Operating Activities Using the indir... View the full answer