Which Statement About the Statement of Cash Flows Is FALSE

question 65

Multiple Choice

Which statement about the statement of cash flows is FALSE?

• A)The statement of cash flows is based on information from several financial statements.
• B)The statement of cash flows is based on information from a company's balance sheet only.
• C)The change in the Cash account on the comparative balance sheets is the check figure for the statement of cash flows.
• D)The indirect method of preparing the statement of cash flows is used by the vast majority of companies in the United States.

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