Multiple Choice
Which of the following is true regarding the Statement of Cash Flows required by the GASB for proprietary funds?
A) Either the direct or indirect method may be used.
B) Interest payments would be recorded as investing activities.
C) Acquisition of capital assets with bond proceeds would be a decrease in cash provided by capital and related financing activities.
D) Interest received on investments is reported as cash flows from operating activities.
Correct Answer:
Verified
Correct Answer:
Verified
Q112: This fund accounts for activities that produce
Q113: Capital assets constructed by an internal service
Q114: Governmental units use which fund type to
Q115: GASB requires enterprise funds to be used
Q116: For landfills accounted for as enterprise funds,
Q118: An Enterprise Fund has an indefinite life.
Q119: Investment pools are an example of an
Q120: An example of an activity that would
Q121: Revenue bonds sold by a water utility
Q122: The term "proprietary funds" includes enterprise and