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Which of the Following Is Not Correct Regarding the GASB

Question 88

Multiple Choice

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


A) The reconciliation of income and cash flows from operations starts with operating income.
B) Fixed Assets acquisitions are reported in the Capital and 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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