Which of the following steps is not required in preparing the statement of cash flows?
A) Determine the net change in cash.
B) Determine the net cash provided by operating activities.
C) Determine cash from investing and financing activities.
D) Determine the change in current assets.

Question

Quizplus · Accepted Answer

The statement of cash flows requires determining the net change in cash, net cash provided by operating activities, and cash from investing and financing activities, but it does not require determining the change in current assets specifically. However, changes in current assets are often reflected in the operating activities section of the statement of cash flows.

Which of the Following Steps Is Not Required in Preparing