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Is there a difference between direct and indirect methods

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Is there a difference between direct and indirect methods to make a statement of cash flows? Discuss and note two or three specific differences. In addition, clearly Distinguish between cash flows from operating activities and cash flows from investing activities. Compare the statement of cash flows with income statement using terms of net income and cash at end of the year. Which of the two financial statements is the better one? Explain your reasoning

Reference no: EM13481256

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