Which One of the Following Items Is Not Generally Used

question 122

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 statement of income
• D)additional information

Recognize the impact of exchange rate fluctuations on the financial statements of multinational corporations.

Calculate translation adjustments and understand their effect on consolidated financial statements.

Identify financial statement accounts affected by currency translation and the rates applicable to them.

Recognize the treatment of translation adjustments in consolidated financial statements.