Which of the Following Is True Regarding the Statement of Cash

question 85

Multiple Choice

Which of the following is true regarding the Statement of Cash Flows for a public college?

• A) A reconciliation is required, reconciling operating income in the Statement of Revenues, Expenses, and Changes in Net Position to the cash flows provided (used) by operating activities.
• B) Cash purchases of capital assets are reported as outflows in the capital related financing activities section.
• C) Both A and B are true.
• D) Neither A nor B is true.

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