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Which of the Following Is True Regarding a Statement of Cash

Question 15

Multiple Choice

Which of the following is true regarding a statement of cash flows prepared by a government?


A) the statement of cash flows will be identical to one prepared by a business
B) the statement of cash flows will be prepared using the indirect method
C) the statement of cash flows will have no more than three cash flow classifications
D) the statement of cash flows will be prepared using the direct method

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