BUS 591 Week 6 DQ 1 Indirect Method vs. Direct Method (Ash)

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BUS 591 Week 6 DQ 1 Indirect Method vs. Direct
Method (Ash) Indirect Method vs. Direct Method.
Financial statement preparers have two choices in
preparing the statement of cash flows the
indirect method and the direct method. The
indirect method is used extensively in practice
even though the F.A.S.B. has expressed a
preference for the direct method. Discuss the
similarities and differences between the direct
and indirect methods, and the advantages of using
each method. Your answer should illustrate
understanding of the cash flow statement. A
minimum of 100 to 200 words is required for your
answer. Respond to at least two of your
classmates posts. Check this A tutorial
guideline at http//www.assignmentcloud.com/BUS-59
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