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  3. Study Set
    Principles of Corporate Finance Study Set 4
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    Exam 2: Financial Statements, Cash Flows, and Taxes
  5. Question
    The First Step in Preparing a Statement of Cash Flows
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The First Step in Preparing a Statement of Cash Flows

Question 14

Question 14

Multiple Choice

The first step in preparing a statement of cash flows is to


A) calculate changes in balance sheet accounts.
B) calculate the amortization expense.
C) adjust retained earnings.
D) calculate changes in income statement accounts.

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