Question: Identify the correct statement regarding the method used to determine cash flows from operating activities. Multiple choice question. Both U . S . GAAP and

Identify the correct statement regarding the method used to determine cash flows from operating activities.
Multiple choice question.
Both U.S. GAAP and IFRS encourage, but do not require the use of the direct method.
Both U.S. GAAP and IFRS require the use of the indirect method.
Both U.S. GAAP and IFRS require the use of the direct method.

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