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NP and Governmental Accounting > Statement of Cash Flows > Flashcards

Statement of Cash Flows Flashcards

1
Q

Acquiring and disposing of capital assets is a

A

Capital and Related Financing Activities

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2
Q

borrowing money for capital acquisitions is a

A

Capital and related Financing Activities

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3
Q

Repaying amounts borrowed (including interest) are

A

Capital and related Financing Activities

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4
Q

capital grants are

A

Capital and related Financing Activities

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5
Q

special assessments levied for capital acquisitions are

A

Capital and related Financing Activities

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6
Q

Gain on disposal of capital assets is

A

Capital and related Financing Activities

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7
Q

Interfund receivables for services are considered operating activities

A

Operating Activities

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8
Q

Internal transfer are classified as

A

Noncapital Activities.

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9
Q

borrowing for non-capital purposes is

A

Noncapital Activities.

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10
Q

Cash receipts from grants

A

Noncapital Activities.

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11
Q

Subsidies are

A

Noncapital Activities.

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12
Q

Property taxes are

A

Noncapital Activities. FIND OUT

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13
Q

making and collecting loans is a

A

Investing Activities

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14
Q

Acquiring and disposing of debt or equity instrument is a

A

Investing Activities

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15
Q

AOctivities generally result from providing services and producing or delivering goods and all other transactions not defined by other classifications

A

Operating Activities

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16
Q

For Operating Cash flow add back?

A

Add back depreciation

17
Q

Payment for services to other funds is

A

Operating Activity

18
Q

Would Construction activity be classified as operating?

A

No, Construction activity would not be classified as operating.

19
Q

General township’s water and sewer fund paid for construction costs for the improvement of water and sewer system.

A

Capital and related financing

20
Q

Statement of Cash flow is used by?

A

Only Proprietary Funds. WATCH OUT IN Question. Government Funds do not have a Cash flow Statement.

NP and Governmental Accounting (4 decks)

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