In the Statement of Cash Flows for an Proprietary Fund

question 56

Multiple Choice

In the Statement of Cash Flows for an Proprietary Fund, the receipt of an operating grant would be included in cash flows from:

• A)​operating activities.
• B)​noncapital financing activities.
• C)​capital and related financing activities.
• D)​investing activities.

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Definitions:

Capital Account

A national account that shows the net change in asset ownership for a country over a period of time.

Partnership Assets

Assets or property owned jointly by partners in a business partnership, used and managed for the benefit of the partnership.

Distribution

The process of making a product or service available for use or consumption by a consumer or business user, involving logistics, warehousing, and transportation.

RUPA

The Revised Uniform Partnership Act, which is a set of laws designed to govern the operations of partnerships in the United States.