Which of the following is not needed to prepare a statement of cash flows?
A)Statement of Retained Earnings
B)Comparative balance sheets
C)Additional data concerning selected accounts that increase and decrease as a result of investing and/or financing activities
D)A complete income statement

Question

Quizplus · Accepted Answer

To prepare a statement of cash flows,you need a comparative balance sheet (to calculate changes in balance sheet accounts),a complete income statement (used primarily to calculate operating cash flows),and additional information about accounts related to financing and investing activities.

Which of the Following Is Not Needed to Prepare a Statement