Which one of the following items is not necessary for preparing a statement of cash flows?
A)Determine the change in cash.
B)Determine the cash provided by operations.
C)Determine cash from financing and investing activities.
D)Determine the cash in each of the bank accounts.

Question

Quizplus · Accepted Answer

The statement of cash flows requires determining the change in cash, cash provided by operations, and cash from financing and investing activities, but not the cash in each bank account.

Which One of the Following Items Is Not Necessary for Preparing