Proprietary funds are required to prepare a Statement of Cash Flows from operating activities using the direct method.
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Q45: Which of the following is true regarding
Q46: Prior year balances are required to be
Q47: GASB requires governments to prepare cash flows
Q48: Governments who prepare government-wide statements are not
Q49: Because proprietary funds use a different basis
Q51: A government may not selectively designate any
Q52: The fund balance reported in the Governmental
Q53: A Comprehensive Annual Financial Report for a
Q54: The Governmental Accounting Standards Board considers the
Q55: Fiduciary funds are not included in the
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