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Question $29$

$2$ pts

According to GASB $34,$ which of the following statements is correct concerning the statement of cash flows prepared for the proprietary fund?

Cash flows from operating activities may not be reported using the direct method

Cash received from interest and cash paid for interest are both reported as operating activities.

The statement format is the same as that of a business enterprise's statement of cash flows.

Cash flows from capital financing activities are, reported separately from cash flows from noncapital activities