The information to prepare the statement of cash flows usually comes from each of the following except
A) the comparative balance sheet.
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 the company's equity accounts, but it does not directly provide information about the company's cash flows. The statement of cash flows is typically prepared using information from the comparative balance sheet, current income statement, and additional information such as notes to the financial statements.

The Information to Prepare the Statement of Cash Flows Usually