Which of the Following Is Not True Regarding the Statement

question 40

Multiple Choice

Which of the following is not true regarding the Statement of Cash Flows for
Proprietary funds?

• A) Four categories of cash flows are used.
• B) Interest and dividends received are recorded as investing activities.
• C) The direct method is required for reporting cash flows from operations.
• D) All of the above are true statements.

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Definitions:

Compass

A navigational instrument for finding directions on Earth's surface, typically consisting of a magnetized pointer that aligns with Earth's magnetic field.

ASME

Stands for the American Society of Mechanical Engineers, an organization that develops and publishes standards for engineering materials, products, systems, and services.

American Society

Typically refers to a professional organization or association in the United States dedicated to a specific field or interest.

Mechanical Engineers

Professionals who apply principles of physics and materials science for the design, analysis, manufacturing, and maintenance of mechanical systems.