Solved

Although the Direct Method Is Easier to Use,the Financial Accounting

Question 175

True/False

Although the direct method is easier to use,the Financial Accounting Standards Board (FASB)prefers the indirect method of reporting cash flows from operating activities.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q170: Selling property,plant,and equipment for $10,000 cash is

Q171: Investors who want to know the amount

Q172: In preparing a statement of cash flows

Q173: Michigan Auto Parts Company uses the

Q174: Lightning Electric Company uses the direct method

Q176: Most public companies use the indirect method

Q177: The operating and financing activities of the

Q178: Florida Chemicals Company uses the indirect

Q179: Optics Company uses the direct method

Q180: Dental,Inc.uses the direct method to prepare