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Matching Transactions and Classifications of Cash Flows
-Note That X  Instructions: \textbf{ Instructions: }

Question 19

Short Answer

Matching Transactions and Classifications of Cash Flows
-Note that X in the following Proprietary Fund statement of cash flows identifies a dollar amount and the letters (A) through (I) identify specific items which appear in the major sections of the statement.
 Matching Transactions and Classifications of Cash Flows -Note that X in the following Proprietary Fund statement of cash flows identifies a dollar amount and the letters (A) through (I) identify specific items which appear in the major sections of the statement.    \textbf{         Instructions: }  For each of the following items, indicate the section where the effect would be reported. Use the code (A through I) from above. Codes may be used once, more than once, or not at all. Assume that generally accepted accounting principles have been followed and that there are no short-term securities which are considered cash equivalents. _____	1.Interest payments on long-term obligations not related to capital assets _____	2.Proceeds from maturities of investments _____	3.Contributed capital assets _____	4.Investment income received _____	5.Cash received from operating grants _____	6.Transfers to other funds _____	7.Principal payments on capital-related long-term obligations _____	8.Receipts from customers and users _____	9.Capital purchases with notes payable _____	10.Payments to employees
 Instructions: \textbf{ Instructions: }
For each of the following items, indicate the section where the effect would be reported. Use the code (A through I) from above. Codes may be used once, more than once, or not at all. Assume that generally accepted accounting principles have been followed and that there are no short-term securities which are considered cash equivalents.
_____ 1.Interest payments on long-term obligations not related to capital assets
_____ 2.Proceeds from maturities of investments
_____ 3.Contributed capital assets
_____ 4.Investment income received
_____ 5.Cash received from operating grants
_____ 6.Transfers to other funds
_____ 7.Principal payments on capital-related long-term obligations
_____ 8.Receipts from customers and users
_____ 9.Capital purchases with notes payable
_____ 10.Payments to employees

Correct Answer:

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1. D
2. G
3. I
4. G
...

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