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A nonprofit's revenues and expenses are reported on its statement of Your answer The accounting equation of a nonprofit is Assets = Liabilities + Your answer A nonprofit's assets and liabilities are reported on its statement of Your answer The statement of cash flows may be prepared using the direct or indirect method. True False The nonprofit's financial statement that reports amounts as of a particular date (or moment in time) is the finance accounting report. True False.

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A nonprofit's revenues and expenses are reported on its statement of Your answer The accounting equation of a nonprofit is Assets = Liabilities + Your answer A nonprofit's assets and liabilities are reported on its statement of Your answer The statement of cash flows may be prepared using the direct or indirect method. True False The nonprofit's financial statement that reports amounts as of a particular date (or moment in time) is the finance accounting report. True False

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