Which of the following best represents the group that expressed to the IASB a strong preference in favor of the direct method of the statement of cash flows?

Question

Quizplus · Accepted Answer

Commercial lending officers typically prefer the direct method of the statement of cash flows as it provides more detailed information about the company's operating cash inflows and outflows, which can be useful in assessing a company's ability to repay loans. Public and private companies may have different preferences based on various factors, and the question does not provide enough information to make a definitive determination between A or B.

Which of the Following Best Represents the Group That Expressed