1. Which of the following statements are needed for analysis when preparing the statement of cash flows?

A. Beginning and Ending Balance Sheets

B. Income Statement

C. Shareholders equity or retained earnings Statement

D. All of these Choices

Step 2 of the Visual inspection method of preparing the statement of cash flows reads: For each _________ item, determine the increase or decrease and whether it caused an infow or outflow of cash. If so, report it in the appropriate category.

A. Balance Sheet

B. Income Statement

C. Shareholders equity or retained earnings statement

D. Trial Balance