(Solution) - To compare statement of cash flows reporting under the direct -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

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To compare statement of cash flows reporting under the direct and indirect methods, enter check marks to indicate which items are used with each method.
STATEMENT OF
CASH FLOWS METHOD
Cash Flows (and Related Changes) Direct Indirect
1. Accounts payable increase or decrease
2. Payments to employees
3. Cash collections from customers
4. Accounts receivable increase or decrease
5. Payments to suppliers
6. Inventory increase or decrease
7. Wages payable, increase or decrease
8. Depreciation expense
9. Net income
10. Cash flows from operating activities
11. Cash flows from investing activities
12. Cash flows from financing activities
13. Net increase or decrease in cash during the period