ACC 291 week 4 DQ 1 Why are companies required to prepare a statement of cash flows? Why is the statement

ACC 291 week 4 DQ 1 Why are companies required to prepare a statement of cash flows? Why is the statement

Why are companies required to prepare a statement of cashflows? Why is the statement of cash flows divided into three sections? What does each section tell you about the operations of acompany? What are the differences between the direct and indirectpresentation of cash flows? Why does the Financial Accounting Standards Board allow bothmethods? Which do you prefer? Why?


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