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Direct and indirect presentation of cash flows

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Write 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?

Reference no: EM13760671

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Direct and indirect presentation of cash flows : Write 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?
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