3 years ago

In addition to the three basic financial statements, which of the following is also a required financial statement?

1 answer:

8 0

Answer: B Statement of cash flows

Explanation: Statement of cash flows is prepared as part of the report included when presenting a Financial Statement. It describes how the cash of an organisation is being managed. it is broken down into 3 parts and they are:

Cash flow from Operating activities

Cash flow from Investing activities

Cash flow from Financing activities

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