Contrast the direct and indirect reporting formats

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Question 1: Compare and Contrast the Direct and Indirect Reporting Formats Used to Report Operating Cash Flows.

Question 2: Compare and contrast the direct and indirect reporting formats used to report operating cash flows. Is one method preferable to another and why?

Question 3: Why do you think the indirect method is the most popular in practice in the United States and used more frequently by companies following IFRS? Provide rationale and evidence to support your argument.

Question 4: Compare and contrast the treatment of interest and dividend income, interest expense and taxation when reporting cash flows under US GAAP and IFRS.

Reference no: EM132593903

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