Which of the following is true regarding the Statement of Cash Flows required by the GASB for proprietary funds?
A. Interest received on investments is reported as cash flows from operating activities.
B. Interest payments would be recorded as investing activities.
C. Either the direct or indirect method may be used.
D. Acquisition of capital assets with bond proceeds would be a decrease in cash provided by capital and related financing activities.
Answer: D
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Indicate whether the statement is true or false
They went ________ the Contemporary Arts Center
a. in b. into
Conversion cost per equivalent unit is the combined costs of direct labor and factory overhead.
Answer the following statement true (T) or false (F)
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