The cash flow statements of health care organizations, both private and government-owned, may use the direct or indirect method.

Name: The cash flow statements of health care organizations, both private and government-owned, may use the direct or indirect method.
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Question

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The Statement of Cash Flows for a not-for-profit hospital can be prepared using either the direct or indirect method. The direct method is required for a governmental health care organization.

The Cash Flow Statements of Health Care Organizations, Both Private