Preparation of the statement of cash flows involves:
A) Calculation and reporting of net cash provided or used by investing activities.
B) Calculation and reporting of net cash provided or used by operating activities.
C) Calculation and reporting of net cash provided or used by financing activities.
D) Calculation of the net increase or decrease in cash.
E) All of these answers are correct.

Question

Quizplus · Accepted Answer

The statement of cash flows includes all these components: operating, investing, and financing activities, as well as the net change in cash.

Preparation of the Statement of Cash Flows Involves