Asked by
ikben eeniemand
on Oct 15, 2024
Verified
The reporting of investing activities in the statement of cash flows is identical under the direct method and indirect method.
Investing Activities
Financial transactions involving the acquisition or disposal of long-term assets or other investments not included in cash equivalents.
- Acquire knowledge about the components and framework of the statement of cash flows.
- Explain the contrast between using direct and indirect strategies to report cash flows arising from business operations.
Verified Answer
BM
Learning Objectives
- Acquire knowledge about the components and framework of the statement of cash flows.
- Explain the contrast between using direct and indirect strategies to report cash flows arising from business operations.
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