A statement of cash flows:
A) is prepared at the option of management
B) is a basic financial statement required for publicly held companies
C) may be combined with the statement of retained earnings at the option of management
D) may be combined with the balance sheet

Question

Quizplus · Accepted Answer

Statement of cash flows is a basic financial statement required for publicly held companies under Generally Accepted Accounting Principles (GAAP).

A Statement of Cash Flows