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What Is the Major Advantage of Using the Indirect Method

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What is the major advantage of using the indirect method of preparing the statement of cash flows?


Definitions:

Citizenship

The status of being a citizen, entailing specific rights, duties, and privileges; typically involves a legal relationship between an individual and a nation-state.

Foreign Country

A nation that is located outside of one's own country's boundaries.

Representation

The action of speaking or acting on behalf of someone or the state of being so represented, particularly in a legislative or political context.

Minorities

Groups in a population that are smaller in number and often have different ethnic, racial, religious, or cultural characteristics from the majority of the population.

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