In addition to a Statement of Financial Position and a Statement of Activities, a private college or university is required to present:
A. Neither A Statement of Functional Expense nor A Statement of Cash Flows.
B. A Statement of Cash Flows.
C. A Statement of Functional Expense.
D. Both A Statement of Functional Expense and A Statement of Cash Flows.
Answer: B
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Which of the following best presents the bad news in a message refusing a customer's claim?
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