Arrange the following in proper sequence while preparing Cash Flow Statement:
(A) Net cash flow from operating activities
(B) Cash flow from financing activities
(C) Cash flow from investing activities
(D) Calculate net profit before tax and extraordinary items in working note
Choose the correct answer from the options given below:

Correct option is B

The correct sequence for preparing Cash Flow Statement:
(D) Calculating the net profit before tax and extraordinary items to establish the starting point for cash flows.
(A) This is followed by determining the net cash flow from operating activities,
(C) Then cash flow from investing activities
(B) Finally, cash flow from financing activities.