How do the direct and indirect methods of preparing the statement of cash flows differ?
The main difference between the direct and indirect methods is in the presentation of the cash flows from operating activities section. The direct method reports major classes of gross cash receipts and payments. For example, the direct method would report cash collected from customers, cash paid for inventory, cash paid for salaries, and so on. In comparison, the indirect method starts with net income and reconciles it to remove the effect of all non-cash items resulting from accruals or non-cash expenses such as depreciation. Thus, the indirect method essentially converts the accrual basis income statement to a cash basis income statement.
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Marketers of seasonal products tend to emphasize
A. personal selling. B. word-of-mouth communication. C. public relations. D. sales promotion. E. advertising.
Which of the following is not a good use for a college dictionary?
A) find the definition of a word B) understand the usage of a word C) find out the etymology of a word D) find out the preferred spelling of a word E) answer a grammar question
Compare the different types of ADR and why ADR plays an important role in the legal system
What will be an ideal response?
The theft of trade secrets is a federal crime
Indicate whether the statement is true or false