Examlex
Which of the following is a disadvantage of the matrix design?
Direct Method
A way of presenting the cash flow statement where major classes of gross cash receipts and cash payments are disclosed, providing insight into specific cash flow activities.
Indirect Method
A financial accounting technique used in cash flow statements to adjust net income for the effects of non-cash transactions.
Current GAAP
Generally Accepted Accounting Principles as they are presently defined and practiced in the United States for financial reporting.
Direct Method
A way of reporting cash flows from operating activities by showing major classes of gross cash receipts and payments.
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