A worksheet offers the user an efficient, logical means to organize the data needed to prepare a statement of cash flows. The worksheet itself is the same as the statement of cash flows, so it can be substituted for the statement of cash flows.

The answer is:

A.) True

B.) False: A worksheet is a cumbersome, labor intensive, alternative to a statement of cash flows

C.) False: Although the worksheet itself is not the statement of cash flows, the statement can be easily extracted from the worksheet

D.) Both B and C

E.) None of the above