ACC545 ACC/545 DQs Week 2

What are the advantages and disadvantages of vested rights in comparison to accumulated rights for a company and its employees? Why is this relevant in the accounting for compensated absences? (Ch. 13 of Intermediate Accounting)

When might a negative cash flow be considered positive? Provide an example and explain. (Ch. 23 of Intermediate Accounting)

Which method do you prefer in determining net cash flow from operating activities, the direct method or the indirect method? Explain. (Ch. 23 of Advanced Accounting)