Which of the Following Is True Regarding the Statement of Cash

question 117

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.

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Definitions:

Circulatory Function

The role or process of circulating blood and lymph through the body, facilitated by the heart and blood vessels, to transport nutrients and remove waste.

Case Study Research

A research method involving an up-close, in-depth, and detailed examination of a subject of study and its related contextual conditions.

Descriptive Research

A type of research that aims to observe, describe, and document aspects of a situation as it naturally occurs.

Psychologists

Professionals in the field of psychology who study mental processes and behavior, and may provide counseling or therapy.