There are two options for reporting the Operating Section of the statement of cash flows....
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Accounting
There are two options for reporting the Operating Section of the statement of cash flows. What are the distinct differences between the two methods, and why do you think that FASB chose the direct method as the preferred method, and why do the vast majority of companies still use the indirect method? Explain, with examples, the importance of this financial statement. Please take into consideration how it might be used to enhance or supplement the other three statements.
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