Which One of the Following Items Is Not Generally Used

question 103

Multiple Choice

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

• A) Comparative statements of financial position
• B) Current Statement of earnings
• C) Additional information
• D) Adjusted trial balance

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Definitions:

Annuity Table

A financial tool used to determine the present or future value of an annuity investment by applying various interest rates and time periods.

PVFA Factors

Present Value Factor for Annuities, used in calculating the present value of a series of equal payments at regular intervals.

Effective Interest Rate

The actual return on an investment, considering the compounding of interest.

Compounding

The process of generating earnings on an asset's reinvested earnings, leading to exponential growth over time.