Which of the following is required in creating a cash flow statement?
A)The values of all assets
B)Value of all liabilities
C)Amounts used for expenses
D)The ideal emergency fund amount

Question

Quizplus · Accepted Answer

Creating a cash flow statement involves analyzing the cash inflows and outflows of a business or individual. Expenses are a crucial component of cash outflows and are necessary to determine the net cash flow. The values of assets and liabilities are needed for creating a balance sheet, which is different from a cash flow statement. The ideal emergency fund amount is not directly related to creating a cash flow statement.

Which of the Following Is Required in Creating a Cash