The information to prepare the statement of cash flows usually comes from each of the following except
A) the comparative statement of financial position.
B) the retained earnings statement.
C) additional information.
D) the current income statement.

Question

Quizplus · Accepted Answer

The retained earnings statement provides information about changes in retained earnings over a period of time and does not directly provide information about cash flows. The information for preparing the statement of cash flows comes from the comparative statement of financial position, the current income statement, and additional information such as details about non-cash transactions.

The Information to Prepare the Statement of Cash Flows Usually