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Author Question: Which of the following is true regarding a statement of cash flows prepared by a government? a. ... (Read 70 times)

ereecah

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on: Jul 5, 2018
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

Question 2

It is not necessary to post the closing entries to the general ledger.
 a. True
  b. False
 
   Indicate whether the statement is true or false


britb2u

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Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

False


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