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 income statement
D) additional information

Question

Quizplus · Accepted Answer

The adjusted trial balance is not typically used in preparing a statement of cash flows. Instead, the statement is prepared using the comparative statements of financial position, the current income statement, and any additional information that provides details on cash transactions.

Which One of the Following Items Is Not Generally Used