Which one of the following items is not necessary in preparing a statement of cash flows?

Question

Quizplus · Accepted Answer

Determining the cash in all bank accounts is not necessary for preparing a statement of cash flows. While it is important to determine the change in cash, cash provided by operations, and cash from financing and investing activities, the specific bank accounts where the cash is located is not relevant to the statement of cash flows.

Which One of the Following Items Is Not Necessary in Preparing