Question
A university expended $2,475,000 on a new parking facility. The transaction was reported as an investing activity on its direct method statement of cash flows.
A university expended $2,475,000 on a new parking facility. The transaction was reported as an investing activity on its direct method statement of cash flows. What type of university prepared the statement of cash flows? A. A public university. B. A for-profit university. C. A private university. D. Either A for-profit university or A private university.
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Fundamentals Of Managerial Accounting Version 3.0
Authors: Kurt Heisinger, Joe Ben Hoyle
1st Edition
1453399410, 9781453399415
