What Are the Two Methods Used to Prepare the Statement

question 5

Short Answer

What are the two methods used to prepare the statement of cash flows?

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Definitions:

Funding

The act of providing financial resources to finance a need, program, or project.

Raw Materials

The basic substances or components used in the production or manufacturing of goods.

Contractor

An individual or company that undertakes a contract to provide materials or labor to perform a service or do a job.

Employee

An individual who works part-time or full-time under a contract of employment, providing their services in exchange for compensation.