Statement of Cash Flows Flashcards
Acquiring and disposing of capital assets is a
Capital and Related Financing Activities
borrowing money for capital acquisitions is a
Capital and related Financing Activities
Repaying amounts borrowed (including interest) are
Capital and related Financing Activities
capital grants are
Capital and related Financing Activities
special assessments levied for capital acquisitions are
Capital and related Financing Activities
Gain on disposal of capital assets is
Capital and related Financing Activities
Interfund receivables for services are considered operating activities
Operating Activities
Internal transfer are classified as
Noncapital Activities.
borrowing for non-capital purposes is
Noncapital Activities.
Cash receipts from grants
Noncapital Activities.
Subsidies are
Noncapital Activities.
Property taxes are
Noncapital Activities. FIND OUT
making and collecting loans is a
Investing Activities
Acquiring and disposing of debt or equity instrument is a
Investing Activities
AOctivities generally result from providing services and producing or delivering goods and all other transactions not defined by other classifications
Operating Activities
For Operating Cash flow add back?
Add back depreciation
Payment for services to other funds is
Operating Activity
Would Construction activity be classified as operating?
No, Construction activity would not be classified as operating.
General township’s water and sewer fund paid for construction costs for the improvement of water and sewer system.
Capital and related financing
Statement of Cash flow is used by?
Only Proprietary Funds. WATCH OUT IN Question. Government Funds do not have a Cash flow Statement.
