Compare and contrast the procedures used in both statements of cash flows in the readings and discuss the differences in a research paper. Key on the differences between the Indirect and Direct Methods of Reporting the Statement and quirks of each.
Use the 2021 Annual 10-K Report and Statement of Cash Flows for Lowes and Home Depot. Determine which method each company uses in the preparation of their Statement of Cash Flows.
Also, compare and contrast differences of each company in relation to the Net Operating , Net Financing and Net Investing Activities of the two companies.
See Accounting Standards Update (ASU) Statement of Cash Flows – Topic 230″
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