XACC/291:PRINCIPLES OF ACCOUNTING II week 8

Part 1

Resources: Ch. 13 & 14 of Financial Accounting

 Complete Exercises E13-8 & E14-3.

Submit as a Microsoft® Excel or word document.

Part 2

Write a 350-word response regarding the differences between the direct and indirect presentation of cash flows. Why does the Financial Accounting Standards Board allow both methods? Which do you prefer? Why?