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Concerns over divergent practices for reporting on the statement of cash flows led to FASB’s issuance of a new standard for presenting and classifying certain cash payments and cash receipts.
Companies and other entities use receipts to track their cash flows, reimburse eligible payments, or claim certain benefits on their taxes. Each receipt should include the date of the transaction.
I am in total agreement with Ralph Ancker's letter about the Delaware River ... Right now our only recourse is to always get a receipt when paying cash since that is the only proof that the ...
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