Which Statement Is False Concerning the Proprietary Fund Statement of Cash

Multiple Choice

Which statement is false concerning the proprietary fund statement of cash flows?

A) Cash flows from operating activities can be displayed using the direct or indirect method.
B) Transfers from other funds are included in cash flows from noncapital financing activities.
C) Investments in securities are included in cash flows from investing activities.
D) Long-term borrowings to finance operations are included in cash flows from noncapital financing activities.