In the Statement of Net Assets, the net assets of a proprietary fund should be displayed in, Unrestricted Net Assets; Restricted Net Assets; Invested in Capital Assets, Net of Related, A Statement of Revenues, Expenses, and Changes in Fund Net Assets should include which, Nonoperating revenues and expenses, Capital Contributions and Other Changes in Net, In which of the following circumstances must an enterprise fund be used to account for the, To finance the acquisition of plant facilities, a newly created electric utility issues. A firm's cash flows from investing activities include: A) Cash received from the sale of a plant asset B) Cash paid as dividends C) Cash received from the rendering of services to customers D. Cash … Statement of changes in fund net position, A government need not necessarily account for an activity in an enterprise fund even though it, Charges fees for an activity and those fees are material in amount, Government business-type activities must apply, All FASB pronouncements incorporated into GASB Statement No. Of this amount, $75,000 was intended for catastrophes. During the year, the insurance fund paid out $380,000 in claims, none of which was for catastrophes. However, companies can have negative cash flow, even profitable companies. For more on cash flow and how companies utilize the cash flow statement, please read What Is A Cash Flow Statement? Which of the following is the best rationale/justification for reporting the business-type, Laws or regulations require that the activity's costs of providing services be recovered by. Let’s take a closer look at each of these items for Amazon.Amazon’s investing activities include: 1. Which of the following is a valid argument for separate accounting principles for proprietary, The measurement focus on all economic resources is more consistent with the GASB's, Which of the following is a key reason for using business-type accounting to account for, Which of the following is NOT a budget typically prepared for an activity accounted for in a, A governmental entity reports its utility services provided to the citizens in a proprietary. Financial statements are written records that convey the business activities and the financial performance of a company. d. Cash proceeds from collection on loans. 62, as well as any FASB pronouncement issued since the issuance of Statement No. Cash flow from investing activities includes any inflows or outflows of cash from a company's long-term investments. Transactions That Cause Positive Cash Flow From Financing Activities Issuing equity or stock, which is sold to investors Borrowing debt from a creditor or bank Issuing bonds, which is debt that investors purchase For example, a company might be investing heavily in plant and equipment to grow the business. Cash flows from Investing Activities include which of the following as cash inflows, Cash flows from Capital and Related Financing Activities include which of the following as, Cash flows from Operating Activities include which of the following as inflows, Any cash receipt that does not meet the definition of investing, capital and related, Cash flows from Investing Activities include which of the following as outflows, Receipts from the sale of an old backhoe that had been used in general government, Cash flows from Investing Activities do NOT include which of the following as inflows, Cash flows from Noncapital Financing Activities include which of the following as outflows. Cash flow from investing activities involves long-term uses of cash. Outflow: acquisitions, net of cash acquired 4. In the city's government wide statements, which would be correct? Which of the following is not a GASB-required statement for proprietary funds? The reporting of activities by an Enterprise Fund is most likely optional if: a) Fees are charged to external users for goods or services. The payable should be reported in the governmental activities column and the receivable in the business-type activities column.
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