Asked by David Hornbek Jr. on Jul 21, 2024
Verified
Which one of the following items is not generally used in preparing a statement of cash flows?
A) Adjusted trial balance
B) Comparative balance sheets
C) Current income statement
D) Additional information
Statement of Cash Flows
A financial statement detailing the impact of alterations in balance sheet accounts and income on cash and cash equivalents, divided into operating, investing, and financing activities.
Adjusted Trial Balance
A list of accounts and their balances after the company has made all adjustments.
Comparative Balance Sheets
Financial statements that display a company's financial position at different points in time side by side, facilitating year-over-year or period-over-period comparison.
- Identify items not used in preparing the statement of cash flows.
Verified Answer
Learning Objectives
- Identify items not used in preparing the statement of cash flows.
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