A statement of cash flows can be prepared using:
A) the reconstruction of ledgers approach.
B) the formula approach.
C) the spreadsheet approach.
D) all of the above.

Question

Quizplus · Accepted Answer

All of the mentioned approaches (reconstruction of ledgers, formula, and spreadsheet) are valid methods for preparing a statement of cash flows. Each approach offers a different way to analyze and present the cash inflows and outflows of a business over a period.

A Statement of Cash Flows Can Be Prepared Using