Multiple Choice
How does a government statement of cash flows (SCF) differ from one prepared by a business enterprise?
A) A government SCF must be prepared using the direct method.
B) A government SCF must be prepared using the indirect method.
C) A government SCF reconciles cash and cash equivalents, not just cash.
D) A government SCF has a section for capital transactions.
Correct Answer:
Verified
Correct Answer:
Verified
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