To determine the net cash provided (used) by operating activities, it is necessary to analyze

Question

Quizplus · Accepted Answer

To determine the net cash provided (used) by operating activities, all of the options listed (the current year's income statement, a comparative balance sheet, and additional information) must be analyzed. Operating activities involve cash flow related to the day-to-day operations of the business, and analysis of both the income statement and balance sheet, as well as additional information such as changes in accounting policies or estimates, is necessary to accurately calculate the net cash provided (used) by operating activities.

To Determine the Net Cash Provided (Used) by Operating Activities