Which of the Following Is Not True Regarding the Statement

question 23

Multiple Choice

Which of the following is not 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 financing activities.
• C) Acquisition of capital assets with bond proceeds would be a decrease in cash provided by capital and related financing activities.
• D) Four categories of activities are used instead of the three required by the FASB.

---

Definitions:

Gilberto

A male given name of Portuguese or Spanish origin, often associated with people of significance within various fields such as music, sports, or the arts.

Trumpet

A brass musical instrument with a flared bell and a bright, penetrating tone.

Wynton Marsalis

An acclaimed American trumpeter, composer, and educator, known for his contributions to jazz and classical music.

Pyrotechnics

The art and science of creating and using fireworks and other explosive devices for entertainment, signaling, or military applications.