Which of the Following Is Not Needed to Prepare a Statement

question 4

Multiple Choice

Which of the following is not needed to prepare a statement of cash flows?

• A)Statement of Retained Earnings
• B)Comparative balance sheets
• C)Additional data concerning selected accounts that increase and decrease as a result of investing and/or financing activities
• D)A complete income statement

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Definitions:

Binding Authority

Legal principles and precedents set forth by higher courts that lower courts within the same jurisdiction must follow when deciding similar cases.

Reasonable Fees

Charges for services that are fair and consistent with the amount typically charged for similar services by comparable professionals in the area.

Work Efficiently

The practice of performing tasks in a productive manner with minimal waste of time and resources.

Minimize Hours

The act of reducing the amount of time spent on tasks or activities to increase efficiency or cost-effectiveness.