The reporting of financing activities is identical under the indirect and direct methods for the statement of cash flows.The choice between the direct and indirect methods affects only the operating activities section of the statement of cash flows,not the investing or financing activities sections.

Question

Quizplus · Accepted Answer

The direct and indirect methods differ only in the presentation of the operating activities section; the financing and investing activities sections remain the same under both methods.

The Reporting of Financing Activities Is Identical Under the Indirect