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Unformatted text preview: whose company used the direct approach versus those whose company used the indirect approach. What is the relative proportion, and how does this compare to the "preference" expressed by the FASB for a direct presentation? Remaining in the groups formed above, by show of hands, identify students who picked a company with positive versus negative operating cash flows. Is there any seeming correlation between the direct and indirect methods and postive versus negative operating flows? By show of hands, identify students who picked a company in the financial sector. Is there any seeming correlation between the direct and indirect methods and the financial services sector?...
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.
- Spring '11