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What supplemental disclosures are required by FASB Statement No. 95 if a company elects to use the direct method in preparing its statement of cash flows? What disclosures are required if the indirect...

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What supplemental disclosures are required by FASB Statement No. 95 if a company elects to use the direct method in preparing its statement of cash flows? What disclosures are required if the indirect method is used?

Answered Same Day Dec 22, 2021

Solution

David answered on Dec 22 2021
129 Votes
What supplemental disclosures are required by FASB Statement No. 95
if a company elects to use the direct method in preparing its
statement of cash flows? What disclosures are required if the indirect
method is used?
Supplemental disclosures under direct method are to disclose and present reconciliation of net
income and cash from operating activities whereas no such...
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