Examlex
Which one of the following items is not generally used in preparing a statement of cash flows?
Historical Cost
The original monetary value of an asset or liability, recorded at the time of its acquisition or incurrence.
Fair Values
The estimated price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.
European Companies
Firms based in one of the countries in Europe, subject to the region's regulatory, economic, and market conditions.
General Journal
A comprehensive accounting record of all transactions made by a company, listed in chronological order before posting to accounts in the general ledger.
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