Which of the following statements about using a worksheet to prepare the cash flow statement is correct?

Question

Quizplus · Accepted Answer

A worksheet can be used to organize the necessary information and calculations needed to prepare the cash flow statement, regardless of whether the direct or indirect method is used. It is not limited to simple situations and can be used for more complex scenarios. Excel spreadsheets are often used as a tool to create and organize this information, and the cash flow statement can be prepared directly from the completed worksheet. All relevant balance sheet and income statement data should be included in the worksheet.

Which of the Following Statements About Using a Worksheet to Prepare