Which is NOT needed to prepare a SCF for this years results? a. Income statement for last

Question:

Which is NOT needed to prepare a SCF for this year’s results?

a. Income statement for last year

b. Income statement for this year

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...