Question: Discussion Question 2: There are two methods for constructing the statement of cash flows: the direct method and the indirect method. What are the similarities

 Discussion Question 2: There are two methods for constructing the statement

Discussion Question 2: There are two methods for constructing the statement of cash flows: the direct method and the indirect method. What are the similarities and differences between the two methods? . Which of the two is most preferred? Which is required by FASB? Start reviewing and responding to at least two of your classmates' postings as early in the week as possible. Participate in the discussion by asking a question providing a statement of clarification, providing a point of view with a rationale, challenging an aspect of the discussion, or indicating a relationship between one or more lines of reasoning in the discussion. a

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