Although Generally Accepted Accounting Principles prefer the direct method of accounting for cash flows from operations,most Canadian companies use the indirect method.

Name: Although Generally Accepted Accounting Principles prefer the direct method of accounting for cash flows from operations,most Canadian companies use the indirect method.
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While GAAP prefers the direct method, most Canadian companies still use the indirect method for their cash flow statements.

Although Generally Accepted Accounting Principles Prefer the Direct Method of Accounting