Like the other financial statements, the statement of cash flows is prepared from an adjusted trial balance.

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Abdullah Monaj · Accepted Answer

Final Answer : False, Explanation :  The statement of cash flows is prepared using information from the balance sheet and the income statement, not directly from an adjusted trial balance. It focuses on the changes in cash and cash equivalents by categorizing cash flows into operating, investing, and financing activities.

Like the other financial statements, the statement of cash flows is prepared from an adjusted trial balance.

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