Like when it comes to the indirect method, can you guys come up with examples with diferrent COGS and when accounts payable and accounts receivable increase/decrease from one year to another?
Thank you.
Most public companies use the indirect method. Here is just one example using 3M’s latest 10-k at https://www.sec.gov/ix?doc=/Archives/edgar/data/66740/000155837020000581/mmm-20191231x10k62bf35.htm.
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According to my accounting textbook: 98%.
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This is a indirect method, right?
Can show me a direct method too?