Regarding the Use of a Spreadsheet for the Preparation of the Statement

Multiple Choice

Regarding the use of a spreadsheet for the preparation of the statement of cash flows,which of the following statements is TRUE?

A) The T-account approach works well for all companies.
B) The statement of cash flows cannot be prepared directly from the spreadsheet because additional information is needed.
C) The spreadsheet is needed when companies face complex situations.
D) The spreadsheet can only be used if the indirect method for operating activities is also used.