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Author Question: Which of the following methods of reporting cash flows provided by operating activities does the ... (Read 12 times)

Austinleez3

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on: Feb 5, 2023

Question 1

The two approaches of reporting cash flows provided by operating activities are the
◦ direct and indirect methods.
◦ basic and standard methods.
◦ liquidity and profitability methods.
◦ gross margin and contribution margin methods.

Question 2

Which of the following methods of reporting cash flows provided by operating activities does the Financial Accounting Standards Board recommend?
◦ The indirect method
◦ An option of either indirect method or the direct method
◦ The direct method
◦ FASB does not state a preference.
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Marked as best answer by Austinleez3 on Feb 5, 2023

DevinBrifm

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Reply #1 on: Feb 5, 2023
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Austinleez3

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

duy1981999

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Reply 3 on: Yesterday
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