3- Multiple Choice Question 151
The information to prepare the statement of cash flows usually comes from each of the following except
the comparative balance sheet. the current income statement. the retained earnings statement. additional information. 4- Multiple Choice Question 46 The statement of cash flows will not report the amount of checks outstanding at the end of the period. change in the cash balance for the current period. sources of cash in the current period. uses of cash in the current period. 5- Multiple Choice Question 90
Starting with net income and adjusting it for items that affected reported net income but which did not affect cash is called the
cost-benefit method. direct method.