Required: The statement as presented is not in accordance with the GASB standards Identify the errors and explain how the error should be corrected in order to conform with GASB standards.

7-13. Proprietary Fund Statement of Cash Flows. (L.O7-2 and 1.0 7-5) The City of Cypress has prepured the following statement of cash flows for its sole proprictary fund Required The statement as presented is not in accordance with GASB standards. Identify the errors and explain how the errors should be corrected in order to conform with GASB standards. 7-14. Research Case: Ciry and County of Denver Proprictary Funds. (LO7-1) Use the 2019 CAFR. for the City and County of Denver to respond to the following questions. Required