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1) For the Statement of Cash Flows for an Proprietary Fund: a. the direct or indirect method may be used b. cash flows from investing
1) For the Statement of Cash Flows for an Proprietary Fund: a. the direct or indirect method may be used b. cash flows from investing activities include fixed asset acquisitions c. a reconciliation of net operating income to net cash flow from operating activities is required when the direct method is used d. interest paid and interest earned are included in cash flows from operating activities 2) When operations of component units of government are blended with the primary government unit, they are reported by a. a separate column on the General Purpose Financial Statements of the primary governmental unit b. a disclosure in a footnote to the primary government unit General Purpose Financial Statements c. Not reported or disclosed separately from the primary governmental unit d. a separate set of general purpose financial statements
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