Which of the following steps is not required in preparing the statement of cash flows?

Question

Quizplus · Accepted Answer

While determining the net change in cash, determining the net cash provided by operating activities, and determining cash from investing and financing activities are all required steps in preparing the statement of cash flows, determining the change in current assets is not specifically listed as a required step. However, changes in current assets (such as accounts receivable and inventory) are considered in determining the net cash provided by operating activities.

Which of the Following Steps Is Not Required in Preparing