Question: The difference between the indirect and direct methods of presenting the Statement of Cash Flows is ________. the indirect method uses the reconciliation of net

The difference between the indirect and direct methods of presenting the Statement of Cash Flows is ________.

the indirect method uses the reconciliation of net income to net cash-flow in place of the operating activity cash-flow section of the direct method

the direct method uses the reconciliation of net income to net cash-flow in place of the operating activity cash-flow section of the indirect method

the Financial Accounting Standards Board (FASB) requires that the indirect method be used in all publicly available financial statements

the Financial Accounting Standards Board (FASB) requires that the direct method be used in all publicly available financial statements

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