Author Question: Which of the following is true regarding a statement of cash flows prepared by a government? a. ... (Read 22 times)

ereecah

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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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Answer to Question 1

d

Answer to Question 2

False



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