Question: Indirect or direct method The FASB recommends that the operating activities section of the statement of cash flows be reported using the ____________method. Most companies

Indirect or direct method

The FASB recommends that the operating activities section of the statement of cash flows be reported using the ____________method.

Most companies report operating cash flows using the ___________method.

Net income is reconstructed on a cash basis when the ___________method is used to report the net cash flows provided (used) by operating activities.

The net cash amount provided by operating activities using the direct method is ____________that computed using the indirect methods.

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