Regarding the Use of a Spreadsheet for the Preparation of the Statement

question 156

Multiple Choice

Regarding the use of a spreadsheet for the preparation of the statement of cash flows,which of the following statements is incorrect?

• A) The spreadsheet starts with the beginning balance sheet and concludes with the ending balance sheet.
• B) When companies face complex situations, a spreadsheet can help in preparing the statement of cash flows.
• C) The spreadsheet cannot be used for the direct method.
• D) Accountants can prepare the statement of cash flows directly from the lower part of the spreadsheet.

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