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The consolidated Statement of Cash Flows is prepared:Using the separated companies statement of cash flows...

The consolidated Statement of Cash Flows is prepared:



Using the separated companies statement of cash flows



Using last year consolidated statement of cash flow



Only the consolidated income statement and consolidated balance sheet are prepared but not consolidated statement of cash flows



Using the current year consolidated income statement and the current year consolidated balance sheet.



Using the current year consolidated income statement and two consecutive (current year and last year) consolidated balance sheets.

Solutions

Expert Solution

Answer is

Using the separated companies statement of cash flows

As

For preparing the consolidated cash flow statement first of all the cash flow statements are prepared for each applicable subsidiary after that adjustment is made for inter company transactions and then consolidated cash flow statement is ready.

ekkarill92 answered 2 years ago
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