Which one of the following items is not necessary in preparing a statement of cash flows?
A) Determine the change in cash
B) Determine the cash provided by operations
C) Determine cash from financing and investing activities
D) Determine the cash in all bank accounts

Question

Quizplus · Accepted Answer

The cash in all bank accounts is not necessary in preparing a statement of cash flows. The statement of cash flows focuses on the changes and sources of cash from operating, financing, and investing activities, rather than the specific amount of cash in bank accounts at a given point in time.

Which One of the Following Items Is Not Necessary in Preparing