In the Preparation of a Statement of Cash Flows

question 44

Multiple Choice

In the preparation of a Statement of Cash Flows:

• A)The statement must include most noncash exchanges.
• B)The statement must be prepared using the working capital definition of funds.
• C)Stock dividends and stock splits must be reported on the statement.
• D)The statement must be cumulative over the last two reporting periods.
• E)None of these answers are correct.

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