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The first step in creating a cash flow statement is which of the following? Recording financial goals Recording expenses Recording income Recording tax information

Ross Pratt

in Business

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Whitney Matthews on June 8, 2018

I think that the correct answer is the third option. The first step in the creation of a cash flow statement is the record of all the income. A cash flow statement is a financial document that shows the changes in the balance sheet and revenues, breaking down the analysis into operating, financing and investment. It is calculated by making adjustments to the total income by subtracting or adding the income. So, the first step should be related to the collection of all the data on the income and the recording of these data.


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