Governments are required to prepare a statement of cash flows for proprietary funds, but not for governmental funds.
Correct Answer:
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Q1: Governments may choose whether to account for
Q2: Proprietary fund have two financial statements -
Q4: Governments generally do not have to get
Q5: The costs of cleaning up toxic substances
Q6: Internal service funds should be consolidated with
Q7: GASB 83 addresses retirement of nuclear reactors
Q8: The government should not recognize a liability
Q9: The proprietary fund operating statement includes ALL
Q10: In both the fund statements and the
Q11: The FASB mandates that entities report their
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