The approach to preparing the cash flow statement relies on the following rearrangement of the balance sheet equation:Change in cash = Change in (Liabilities + Stockholders' Equity + Noncash Assets).
Answer the following statement true (T) or false (F)
False
Assets = Liabilities + Stockholders' Equity
Cash + Noncash Assets = Liabilities + Stockholders' Equity
Cash = Liabilities + Stockholders' Equity ? Noncash Assets
Change in cash = Change in (Liabilities + Stockholders' Equity ?Noncash Assets)
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