The Statement of Cash Flows for a Proprietary Fund Would

question 29

Multiple Choice

The Statement of Cash Flows for a proprietary fund would include which of the following?

• A) Operating, investing, financing
• B) Operating, capital and related financing, investing
• C) Operating, investing, capital and related financing and noncapital related financing
• D) Operating, financing and noncapital related financing activities

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Definitions:

Salesvolume

Refers to the total number of units sold within a specific period.

Net Operating Income

The profit generated from a business's operations after subtracting operating expenses, but before interest and taxes.

Degree Of Operating Leverage

A financial ratio that measures the sensitivity of a company's operating income to a change in its sales volume.

Variable Expenses

Expenses that change in proportion to the activity of a business, such as raw material costs or sales commissions.