46. Which of the following statements about the statement of cash flows is not c

Question

46. Which of the following statements about the statement of cash flows is not correct? O GAAP requires every company to report a statement of cash flows. O The statement of cash flows provides information about how each major type of business activity causes a company's cash to change. O The statement of cash flows is contained in the notes to the financial statements O The statement of cash flows is needed because the income statement and balance sheet do not provide adequate information about the changes in cash.

Explanation / Answer

Which of the following statements about the statement of cash flows is not correct?

Correct Option : The statement of cash flows is contained in the notes to the financial statements.

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