Which of the Following Is True of a Statement of Cash

question 156

Multiple Choice

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

• A) Four categories are used: Operating, Capital Related Financing, Non-capital Related Financing, and Investing.
• B) If the direct method is used, the not-for-profit must also present a reconciliation between total change in net assets and cash flows from operating activities.
• 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:

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Liquid Hypoallergenic Soap

A soap in liquid form that is specially formulated to minimize the risk of allergic reactions.

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Gloves that have been treated to eliminate all forms of bacteria and other contaminants, used in medical and certain industrial applications to maintain a sterile environment.