Question: With regard to guidance on direct method or indirect method for completion of statement of cash flows by company accountants, why does FASB prefer companies

With regard to guidance on direct method or indirect method for completion of statement of cash flows by company accountants, why does FASB prefer companies to generate the direct method for the statement of cash flow? Why do most companies opt to generate the indirect method for the statement of cash flow? Which method do you think accountants should use and why?

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