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Question and answer
Q: Under IFRS, the cash flow statement can be prepared using A.either the direct or indirect method. B.the indirect method only. C.the direct method only. D.the T-account method only.
A: IFRS used Either indirect or direct method in preparing the cash flow.IFRS stands for International Financial Reporting Standards. [ IFRS are principles-based standards, interpretations and the framework (1989)[1] adopted by the International Accounting Standards Board (IASB). ]
Expert answered|petitemonde|Points 30|
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Asked 6/11/2013 6:01:55 PM
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