1. Outline the difference between the direct method and the indirect method of reporting cash flows.
1. Outline the difference between the direct method and the indirect method of reporting cash flows. Why is it necessary to present the cash flows using both methods? 2. List four ratios that could help evaluate an entity’s cash adequacy, liquidity, solvency and profitability. 3. Outline the difference between the cash and accrual bases of accounting. May 23 2022 05:59 PM
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