When preparing the Statement of Cash Flows, which of the following sources of information should be consulted after considering all others?
A) Income statement
B) Comparative balance sheet in general
C) Remaining unexplained balance sheet account changes
D) Retained earnings statement
E) Company records

Question

Quizplus · Accepted Answer

The Statement of Cash Flows is prepared using information from the income statement, comparative balance sheets, and additional data. After considering the income statement and balance sheet changes, the remaining unexplained balance sheet account changes are consulted to identify any other cash flows not already accounted for.

When Preparing the Statement of Cash Flows, Which of the Following