Which one of the following items is not generally used in preparing a statement of cash flows?
A)adjusted trial balance
B)comparative statements of financial position
C)current statement of income
D)additional information

Question

Quizplus · Accepted Answer

The adjusted trial balance is not generally used in preparing a statement of cash flows. Instead, the statement of cash flows is prepared using comparative statements of financial position, the current statement of income, and any additional information that might affect cash flow, to identify changes in cash and cash equivalents.

Which One of the Following Items Is Not Generally Used