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In the accounting for Not-For-Profits, what was recent change in the presentation of the operating cash flows? Present the net amount of operating cash flows

In the accounting for Not-For-Profits, what was recent change in the presentation of the operating cash flows?

Present the net amount of operating cash flows using either the direct or indirect method of reporting. It is no longer required to present or disclose the direct method reconciliation if using the indirect method. It is no longer required to present or disclose the indirect method reconciliation if using the direct method. Present the net amount of operating cash flows using only the indirect method of reporting.

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