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Which of the following statements is correct about the GASBs disclosures on the statement of cash flows? Related transactions are reported in one section of

  1. Which of the following statements is correct about the GASBs disclosures on the statement of cash flows?

  1. Related transactions are reported in one section of the statement instead of in two sections.
  2. Disclosures of related transactions are more user friendly when compared to the same disclosures on the FASBs statement of cash flows.
  3. A and B.
  4. Neither A nor B.

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