Current GAAP permits two methods of calculating and reporting a company's net cash flow from operating activities on its statement of cash flows.
Required:
Identify the two methods.Which method does the FASB prefer? Which method do most companies use and why?

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The Answer of Current GAAP permits two methods of calculating and reporting a company's net cash flow from operating activities on its statement of cash flows.
Required:
Identify the two methods.Which method does the FASB prefer? Which method do most companies use and why?

Current GAAP Permits Two Methods of Calculating and Reporting a Company's