Which of the Following Is TRUE About a Statement of Cash

question 65

Multiple Choice

Which of the following is TRUE about a statement of cash flows?

• A)The statement of cash flows is prepared at the option of management.
• B)The statement of cash flows is required by generally accepted accounting principles.
• C)The statement of cash flows may be combined with the income statement.
• D)The statement of cash flows does not have to be completed if an income statement is prepared.

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