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Comparing the direct and indirect methods

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Question - Comparing the Direct and Indirect Methods

To compare statement of cash flows reporting under the direct and indirect methods, enter check marks to indicate which items are used with each method.

 

STATEMENT OF CASH FLOW METHODS

Cash Flows (and Related Changes)

Direct

Indirect

1. Accounts Payable increase or decrease

 

 

2. Payments to employees

 

 

3. Cash collections from customers

 

 

4. Accounts Receivable increase or decrease

 

 

5. Payments to suppliers

 

 

6. Inventory increase or decrease

 

 

7. Wages payable, increase, or decrease

 

 

8. Depreciation expense

 

 

9. Net income

 

 

10. Cash flows for operating activities

 

 

11. Cash flows from investing activities

 

 

12. Cash flows from financing activities

 

 

13. Net increase or decrease in cash during the period

 

 

Reference no: EM131820052

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