Answer the Following: A.What Are the Similarities and Differences Between the Direct and the Direct

question 20

Essay

Answer the following:
a.What are the similarities and differences between the direct and indirect methods of preparing the statement of cash flows?
b.In practice,which method of preparation is used for the statement of cash flows and why?
c.Is the indirect method of presenting the statement of cash flows required by the IASB?
d.Briefly discuss how unrealized gains and losses arising from held-for-trading investments that are not designated as cash equivalents are reported on the statement of cash flows.

---

Definitions:

Focused Freewriting

A timed writing approach where an individual writes continuously about a specific topic with the aim of generating ideas without concern for grammar or spelling.

Charitable Causes

Initiatives or organizations dedicated to providing aid, support, or relief to those in need, often through fundraising and volunteer efforts.

Test Anxiety

Test anxiety is a psychological condition in which individuals experience extreme stress, discomfort, and nervousness during or in anticipation of taking an examination.

Study Groups

Small groups of individuals who meet regularly to discuss and learn about a specific subject together, enhancing understanding and motivation.