Proprietary funds must prepare the Statement of Cash Flows using the direct method and includes cash flows from operating activities, investing activities, capital and related financing activities, and noncapital-related financing activities.

Question

Quizplus · Accepted Answer

GASB requires the direct method to report cash flows from operating activities for proprietary funds. The four categories required by GASB are: cash flows from operating activities, cash flows from noncapital financing activities, cash flows from capital and related financing activities and cash flows from investing activities.

Proprietary Funds Must Prepare the Statement of Cash Flows Using