• The Statement of Cash Flows is an extremely important concept and is, in my opinion, the most important of the financial statements. There are two different methods for preparing a cash flow statement that are acceptable according to GAAP. One is used much more than the other. What are these methods? What features would cause companies to use one more frequently than the other?

  
  

Answer rating: 100% (QA)

The Statement of Cash Flows is indeed a crucial financial statement that provides valuable insights into a companys cash inflows and outflows over a specific period It helps users understand the sourc... View the full answer