The Stock exchange of Hong Kong requires listed companies in Hong Kong to use the indirect method for the statement of cash flows.

Name: The Stock exchange of Hong Kong requires listed companies in Hong Kong to use the indirect method for the statement of cash flows.
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Question

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The Stock Exchange of Hong Kong does not mandate the use of the indirect method for the statement of cash flows; companies can choose between the direct or indirect method as per the Hong Kong Financial Reporting Standards (HKFRS).

The Stock Exchange of Hong Kong Requires Listed Companies in Hong