Which of the Following Is Not Needed to Prepare a Statement

question 54

Multiple Choice

Which of the following is not needed to prepare a statement of cash flows?

• A)Statement of retained earnings.
• B)Comparative balance sheet.
• C)Additional information on financing and investing activities.
• D)Income statement.

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Definitions:

Quantitative Data

Data that can be measured numerically, allowing for mathematical operations and statistical analysis.

Observations

Data collected during the course of a scientific study or experiment.

Variables

Elements, features, or factors that are likely to vary or change within the context of a study or experiment.

Descriptive Statistics

Statistical methods used to summarize and describe the main features of a data set, such as mean, median, and mode.