Question: What is the difference between the direct method and the indirect method? The direct method is preferred by the FASB, while the indirect method is

What is the difference between the direct method and the indirect method?
The direct method is preferred by the FASB, while the indirect method is preferred by the IASB.
The direct method works to show cash receipts and payments, while the indirect method works to differentiate between
net cash flow and net income.
The indirect method is preferred by the FASB, while the direct method is preferred by the IASB.
The indirect method works to show cash receipts and payments, while the direct method works to differentiate between
net cash flow and net income.
What is the difference between the direct method and the indirect

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