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

question 58

Multiple Choice

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

• A) The T-account approach works well for all companies.
• B) The statement of cash flows cannot be prepared directly from the spreadsheet because additional information is needed.
• C) The spreadsheet is needed when companies face complex situations.
• D) The spreadsheet can only be used if the indirect method for operating activities is also used.