Problem
1. What does it mean to classify a cash flow according to the basic nature or function of the event as opposed to the ultimate purpose of the transaction? Which method do you prefer?
2. This case is adapted from Appendix B of the exposure draft leading up to the EASB's standard on cash flow reporting." Prepare in good form an SCF. Use the direct format. The following information is about the activities of Company D,· a diversified multinational corporation.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.