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Which of the Following Is Not Correct Regarding the GASB

Question 73

Multiple Choice

Which of the following is not correct regarding the GASB Cash Flow Statement?


A) Reconciliation of income and cash flows from operations starts with operating income.
B) Fixed Assets transactions are reported in the Capital Related Financing Section.
C) Cash received from Interest and Dividend Income is recorded in the Operating Section.
D) All of the above are correct.

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