Question

he complete list of items needed to prepare a statement of cash flows includes ______. Multiple choice question. current year balance sheet, comparative income statements, and additional data concerning accounts in investing and financing activities comparative balance sheets, retained earnings statement, and additional data concerning accounts in investing and financing activities comparative balance sheets, complete income statement, and additional data concerning accounts in investing and financing activities current year balance sheet, comparative income statements, and the retained earnings statement

Answer 1

The complete list needed to prepare the cash flows statement includes comparative balance sheets, income statement and additional data on investing and financing activities.

In accounting, the statement of cash-flow is a statement that calculate the amount of cash and cash equivalents that comes and leaves the company.

• The section of the statement of cash-flow are divided into the operating activities, investing activities and financing activities.

Hence, the list of items needed to prepare the cash flows statement includes the comparative balance sheets, income statement and the additional data on investing and financing activities.

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