Multiple choice

Information from a Trial Balance goes to all of the financial statements EXCEPT:

  1. Income Statement

  2. Statement of Owner's Equity

  3. Balance Sheet

  4. Statement of Cash Flows
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Statement of Cash Flows is prepared using information from various sources, including the Income Statement and changes in Balance Sheet accounts, but it is not directly derived from the Trial Balance in the same way the other three statements are.

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