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When a consolidated statement of cash flows is presented, which of the following statements is true? I. In the reconciliation of net income to net
When a consolidated statement of cash flows is presented, which of the following statements is true? I. In the reconciliation of net income to net cash provided by operations, total net income including any noncontrolling interest should be used. Il. Dividends paid by a subsidiary to both the parent company and noncontrolling shareholders are reported as a use of cash. O I only O II only O Both I and II O Neither I nor Il
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