The information to prepare the statement of cash flows usually comes from each of the following except
A) the comparative balance sheet.
B) the prior year's income statement.
C) additional information.
D) the current income statement.

Question

Quizplus · Accepted Answer

The information needed to prepare the statement of cash flows is typically obtained from the comparative balance sheets, current income statement, and additional information. The prior year's income statement is not typically used in preparing the statement of cash flows.

The Information to Prepare the Statement of Cash Flows Usually