Expalin methods of preparing the statement of cash flows

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Reference no: EM13715461

Please express the answer of the following problems

Problem 1- What are the differences between the indirect and direct methods of preparing the statement of cash flows?

Problem 2- Do you agree with the FASB that the direct method is preferred? Why, or why not?

I need experts help to describe the FASB that the direct method is preferred.

Reference no: EM13715461

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