Which of the Following Is True of a Statement of Cash

question 20

Multiple Choice

Which of the following is true of a Statement of Cash Flows for a private sector, not-for-profit organization?

• A) Four categories are used: Operating, Capital Related Financing, Non-capital Related Financing and Investing
• B) Either the direct or indirect method is acceptable
• C) Cash flows must be presented separately for Unrestricted, Temporarily Restricted and Permanently Restricted categories
• D) None of the above; all are true

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Definitions:

Example

A representative instance or case that is typical of a group or set of a larger concept, used to illustrate or explain a principle or process.

Modeling

The process of learning behavior by observing and imitating others.

Reward Consequences

The outcomes or benefits that follow from actions, often used as a method to reinforce positive behavior.

Behavior

The actions, reactions, or mannerisms made by an individual, in conjunction with the environment or stimuli.