ACC 291 Week 4 Discussion Question 1

In this work ACC 291 Week 4 Discussion Question 1 you will find right answers on the following questions: "Why are companies required to prepare a statement of cash flows? Why is the statement of cash flows divided into three sections? What does each section tell you about the operations of a company? What are the differences between the direct and indirect presentation of cash flows? Why does the Financial Accounting Standards Board allow both methods? Which do you prefer? Why?"