Cash flow statements of proprietary funds must use the direct method for recording cash flows from operations.
Answer the following statement true (T) or false (F)
True
GASB requires the direct method to report cash flows from operating activities for proprietary funds.
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Information with regard to actual and forecasted customer demand, market opportunities, and responsibilities should be ______.
A. restricted B. sold C. transparent D. subject to government regulation
Imprisonment is generally imposed to serve all of the following functions except:
A) Providing a means to rehabilitate the criminal. B) Protect society from the person imprisoned. C) Deterring others from engaging in criminal conduct. D) Allowing victims to have a formalized process to meet and confront the criminal.
For a taxpayer who is not insolvent nor under bankruptcy proceedings, the discharge of debt is generally
A. nontaxable. B. partially taxable. C. taxable. D. None of the above.
Under which of the following systems may a plaintiff recover for any amount of the defendant's negligence, even if the plaintiff was the more negligent party?
a. Pure comparative negligence b. Ordinary comparative negligence c. Contributory negligence d. Assumption of the risk