Which one of the following items is not generally used in preparing a statement of cash ﬂows?
A) Comparative statements of ﬁnancial position
B) Current Statement of earnings
C) Additional information
D) Adjusted trial balance

Question

Quizplus · Accepted Answer

The adjusted trial balance is not typically used in preparing a statement of cash flows. Instead, the statement of cash flows is prepared using comparative statements of financial position (balance sheets), the current statement of earnings (income statement), and additional information that provides details on cash transactions.

Which One of the Following Items Is Not Generally Used