week 5 Discussion 1
KPK
Prior to beginning work on this discussion, review Chapters 22 in the textbook.
Write: The indirect method is the most popular format used for the operating activities section of the statement of cash flows in the United States. Although the indirect method is the most popular, the direct method is preferred by the FASB. Discuss some of the reasons the direct method may have advantages over the indirect reporting format.
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