Only information from the income statement is needed to make adjustments when preparing the operating activities

Name: Only information from the income statement is needed to make adjustments when preparing the operating activities
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When preparing operating activities section of the cash flow statement, information from both income statement and balance sheet is needed to make adjustments such as changes in accounts receivable, accounts payable, inventory, etc.

Only Information from the Income Statement Is Needed to Make