Multiple Choice
Which of the following is true regarding the Statement of Cash Flows for a public college?
A) Cash received for interest is reported as an increase in cash flows from operating activities.
B) Cash paid for interest is reported as a decrease in cash flows from either noncapital or capital and related financing activities.
C) Both A and B are true.
D) Neither A nor B is true.
Correct Answer:
Verified
Correct Answer:
Verified
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