Preparation Methods
The direct method of preparing a cash flow statement results in a more easily understood report. The indirect method is almost universally used, because FAS 95 requires a supplementary report similar to the indirect method if a company chooses to use the direct method.
Read more about this topic: Cash Flow Statement
Famous quotes containing the words preparation and/or methods:
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—George Eliot [Mary Ann (or Marian)
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—John Steinbeck (1902–1968)