The operating activities section of the Statement of Cash Flows can be prepared using either the direct approach or the indirect approach.
Instructions
a) List three cash inflows reported under the direct approach.
b) List three cash outflows reported under the direct approach.
c) List three additions reported under the indirect approach.
d) List three deductions reported under the indirect approach.

Question

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The Answer of The operating activities section of the Statement of Cash Flows can be prepared using either the direct approach or the indirect approach.
Instructions
a) List three cash inflows reported under the direct approach.
b) List three cash outflows reported under the direct approach.
c) List three additions reported under the indirect approach.
d) List three deductions reported under the indirect approach.

The Operating Activities Section of the Statement of Cash Flows