A Statement of Cash Flows Should Be Issued by a Profit-Oriented

Multiple Choice

A statement of cash flows should be issued by a profit-oriented business

A) As an alternative to the statement of income and retained earnings
B) Only if the business classifies its assets and liabilities as current and noncurrent
C) Only when two-year comparative balance sheets are not issued
D) Whenever a balance sheet and a statement of income and retained earnings are issued