Asked by
Mylee George
on Nov 14, 2024
Verified
The direct method is considered to be more informative and easier to compare with the other financial statements.
Direct Method
A cash flow statement presentation that lists major categories of gross cash receipts and payments.
- Familiarize yourself with the differences in the direct versus indirect methodologies for reporting operating activities' cash flows.
Verified Answer
YN
Learning Objectives
- Familiarize yourself with the differences in the direct versus indirect methodologies for reporting operating activities' cash flows.
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