The Information to Prepare the Statement of Cash Flows Comes

question 98

Multiple Choice

The information to prepare the statement of cash flows comes from all of the following sources except

• A)comparative balance sheets.
• B)additional transaction data about cash provided or used during the period.
• C)adjusted trial balance.
• D)current income statement.

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Definitions:

Contract Excludes

Specific provisions or clauses within a contract that explicitly nullify the inclusion of certain terms, rights, or obligations.

Repudiation

It refers to the rejection or denial of a duty or obligation in a contract, essentially indicating that one party will not honor their commitments.

Tender

The formal offer to perform work or supply goods at a specified price; also refers to the act of offering payment in legal transactions.

Breached

The violation of a law, duty, or agreement.