To prepare the cash flow statement,the owner must assemble the balance sheets and the income statements summarizing the present year's operations.

Name: To prepare the cash flow statement,the owner must assemble the balance sheets and the income statements summarizing the present year's operations.
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Question

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In order to prepare the cash flow statement, the owner must gather information from both the balance sheet and the income statement for the current year.

To Prepare the Cash Flow Statement,the Owner Must Assemble the Balance