Which method of preparing the operating section of the statement of cash flows is used by most companies?

Name: Which method of preparing the operating section of the statement of cash flows is used by most companies?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The indirect method is the most commonly used method for preparing the operating section of the statement of cash flows because it is easier to use and requires less information than the direct method. Additionally, the indirect method is more commonly accepted by accounting standards.

Which Method of Preparing the Operating Section of the Statement