Which one of the following items is not generally used in preparing a statement of cash flows?
A) Adjusted trial balance
B) Comparative statements of financial position
C) Current income statement
D) Additional information

Question

Quizplus · Accepted Answer

An adjusted trial balance is used in preparing financial statements such as the balance sheet, income statement, and statement of changes in equity, but not specifically for the statement of cash flows. The other options listed (comparative statements of financial position, current income statement, additional information) are all commonly used in preparing a statement of cash flows.

Which One of the Following Items Is Not Generally Used