Which of the following is false regarding the cash flow statements of a proprietary fund?

Multiple Choice

A reconciliation is required between the Statement of Revenues, Expenses, and Changes in Fund Net Position and the cash flows from operating activities section of the Cash Flow Statement.

Interest payments are reported as increases in cash flows from either capital and related financing or noncapital financing activities, whichever is appropriate.

Purchases of equipment are reported in the investing section.

All of the choices are false.