Which of the following is true of a Statement of Cash Flows for a private college or university?
A. Cash flows must be presented separately for Unrestricted, Temporarily Restricted, and Permanently Restricted categories.
B. Either the direct or indirect method is acceptable.
C. Four categories are used: Operating, Capital Related Financing, Non-capital Related Financing, and Investing.
D. All of the above are true.
Answer: B
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