Which of the following is NOT TRUE with respect to governmental health care entities?

Multiple Choice

The Statement of cash flows must follow GASB standards and will have four categories.

Governmental health care entities reported as enterprise funds of a state or local government must use modified accrual accounting.

A reconciliation is made between operating income and the cash flows from operating activities.

Governmental health care entities can report as special$-$purpose entities that are engaged in business$-$type activities or as enterprise funds.

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