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Which of the following statements is true regarding private colleges and universities? A.The statement of cash flow is separated into four categories. B.The income statement

Which of the following statements is true regarding private colleges and universities?

A.The statement of cash flow is separated into four categories.

B.The income statement is separated into several columns and categories

C.They are not required to file a statement of cash flow

D.Net assets include the category: Capital assets net of related debt.

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