If a company issues a comparative balance sheet showing the change in the cash balance,a statement of cash flows is not needed.

Question

Quizplus · Accepted Answer

While a comparative balance sheet may show the change in cash balance, it does not provide information on the sources and uses of cash during the period. A statement of cash flows is still necessary to provide a detailed account of the company's cash flows.

If a Company Issues a Comparative Balance Sheet Showing the Change