Which of the following statements about the use of a spreadsheet to prepare the statement of cash fows are true?

Note: Select all that apply.

Check AI That Apply

Once the spreadsheet entries are emlered on the spreadsheet, they should be then be recorded in the formal accourting records.

As we record spreadsheet entries that explain accoum balance changes on the sptesatsheet, we simutanecusly identify and classify the activities to be ieported on the statement of cash flows.

Using a spreadsheet to prepare the statemem of cash flows does not ensure that all reportable actwilies are indentifed.

When analyzing the accounts, is is convenient to begin with the income statement accounts, followed by the balance sheet accourts.