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A statement of cash flows for proprietary funds: Is optional Must be prepared using the direct method Need not reconcile operating cash flows to operating
A statement of cash flows for proprietary funds:
- Is optional
- Must be prepared using the direct method
- Need not reconcile operating cash flows to operating income if the direct method is used
- must be prepared using either the direct method or the indirect method
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Wiley CPAexcel Exam Review April Study Guide Regulation 2017
Authors: Wiley
2nd Edition
1119369436, 978-1119369431
