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Which of the following statements is correct regarding the statement of cash flows for a nongovernmental not - for - profit organization? A . Cash
Which of the following statements is correct regarding the statement of cash flows for a nongovernmental notforprofit organization?
A
Cash collected on contributions receivable is an investing activity.
B
Cash received from service recipients is a financing activity.
C
Cash paid to employees and suppliers is an investing activity.
D
Grants paid are operating activities.
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