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.
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) adopted by the International Accounting Standards Board (IASB). ]
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