Which One of the Following Items Is Not Generally Used

question 6

Multiple Choice

Which one of the following items is not generally used in preparing a statement of cash flows?

• A)adjusted trial balance
• B)comparative statements of financial position
• C)current income statement
• D)additional information

---

Definitions:

Exchange

The act of giving one thing and receiving another, especially of the same kind or value, in return.

Scarce

A condition or situation characterized by the limited availability of resources or goods, leading to competition for their acquisition or use.

Opportunity Costs

The cost of forgoing the next best alternative when making a decision or choosing among options.

Alternatives

Different choices or options that are available in a decision-making process.