The adjusted trial balance is the only item needed to prepare the Statement of Cash Flows.

Name: The adjusted trial balance is the only item needed to prepare the Statement of Cash Flows.
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Question

Quizplus · Accepted Answer

While the adjusted trial balance provides necessary information for preparing the Statement of Cash Flows, other information such as comparative balance sheets, income statements, and additional information may be needed to accurately prepare the statement.

The Adjusted Trial Balance Is the Only Item Needed to Prepare