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  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 7: Accounting for the Business-type Activities of State and Local Governments
  5. Question
    How Does the Statement of Cash Flows Under GASB Standards
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How Does the Statement of Cash Flows Under GASB Standards

Question 34

Question 34

Essay

How does the statement of cash flows under GASB standards differ from the statement of cash flows under FASB standards?

Correct Answer:

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FASB allows entities to prepare the stat...

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