Which statement about the statement of cash flows is FALSE? A. The indirect...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Which statement about the statement of cash flows is FALSE?
A.
The indirect method of preparing the statement of cash flows is used by the vast majority of companies in the United States.
B.
The change in the Cash account on the comparative balance sheets is the check figure for the statement of cash flows.
C.
The statement of cash flows is based on information from a company's income statement only.
D.
The statement of cash flows is based on information from several financial statements.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.