Which of the following is NOT TRUE with respect to governmental health care entities?
A) Governmental health care entities can report as special-purpose entities that are engaged in business-type activities or as an enterprise funds
B) Governmental health care entities reported as enterprise funds of a state or local government must use modified accrual accounting.
C) The Statement of cash flows must follow GASB standards and will have four categories.
D) A reconciliation is made between operating income and the cash flows from operating activities.
Correct Answer:
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