Which of the Following Is True Regarding the Statement of Cash

question 22

Multiple Choice

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

• A) Cash received for interest is reported as an increase in cash flows from operating activities.
• B) Cash paid for interest is reported as a decrease in cash flows from either noncapital or capital and related financing activities.
• C) Both A and B are true.
• D) Neither A nor B is true.

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