When analyzing the changes on a spreadsheet used to prepare a statement of cash flows,the cash flows from operating activities generally are affected by:
A)Net income,current assets,and current liabilities.
B)Noncurrent assets.
C)Noncurrent liability and equity accounts.
D)Both noncurrent assets and noncurrent liabilities.
E)Equity accounts only.

Question

Quizplus · Accepted Answer

Cash flows from operating activities are directly related to net income as well as changes in current assets and current liabilities. Noncurrent assets, noncurrent liabilities, and equity accounts affect cash flows from investing and financing activities.

When Analyzing the Changes on a Spreadsheet Used to Prepare