4. Choose correct or incorrect statements. @ Governmental statement of cash flow start calculation from operating income. 6 Non-for-profit organizational statement of cash flow start calculation from changes in total net asset. (b A. Incorrect statement Correct statement B. Incorrect statement Incorrect statement C. Correct statement Correct statement D Correct statement Incorrect statement 5. In non-for-profit organizational statement of cash flow, @ without, operating, and time restriction (short-term) items are reported in CFO. PPE, endowment, time restriction (long-term) items are reported in CFF. b A. Incorrect statement Correct statement B. Correct statement Correct statement C. Incorrect statement Incorrect statement D. Correct statement Incorrect statement 6. Choose correct or incorrect statements. An unconditional promise to give (pledge) have to be reported in with donor restriction column regardless of collection timing. (ex. collection of current year vs. collection of next year) In aforementioned case @, if cash is collected, journal entries are as follows: Cash Contribution receivable Contribution_without Contribution_with XXX XXX XXX XXX (b A. Incorrect statement Incorrect statement Correct statement B. Correct statement C. Incorrect statement Correct statement D. Correct statement Incorrect statement