Preparing the statement of cash flows involves all of the following except determining the
A) cash provided by operations.
B) cash provided by or used in investing and financing activities.
C) change in cash during the period.
D) cash collections from customers during the period.

Question

Quizplus · Accepted Answer

Determining cash collections from customers during the period is actually part of the process of preparing the statement of cash flows, so it is not something that is excluded from the process. Therefore, the correct answer is D.

Preparing the Statement of Cash Flows Involves All of the Following