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  3. Study Set
    Understanding Financial Accounting Study Set 1
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    Exam 5: The Statement of Cash Flows
  5. Question
    What Is the Preferred Method of Statement of Cash Flows
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What Is the Preferred Method of Statement of Cash Flows

Question 54

Question 54

Essay

What is the preferred method of Statement of Cash Flows preparation by standard setters? Why is this the preferred method?

Correct Answer:

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The direct method is the preferred metho...

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