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.

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Definitions:

Willful Dissent

The act of intentionally expressing disagreement or non-compliance, often within a professional or organizational context.

Negative, Cynical Comments

Remarks characterized by skepticism of motives or virtues of others, often undermining a positive environment.

Lack of Support

The absence or inadequacy of assistance, resources, or guidance necessary for success or improvement.

Safety Driven Culture

An organizational approach that prioritizes safety above all, embedding it into every aspect of work life to protect employees.