Question: Answer the following questions by reference to the FASB Codification Accounting Standards. Include the appropriate citation reference to your response at the beginning of the

Answer the following questions by reference to the FASB Codification Accounting Standards. Include the appropriate citation reference to your response at the beginning of the response.

Question #1 In preparing a consolidated statement of cash flows, is a firm required to disclose cash flow per share?

Question #2 Firms adopting the direct method to prepare the statement of cash flows often include a reconciliation of net income to net cash flows from operating activities. Is this required, and, if so, how should it be presented?

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