41.GASB Cash Flow Statements requires the following classification of cash flows: Operating, Investing, and Financing.
42.The reconciliation on the statement of cash flows for a proprietary fund under GASB requirements is between operating income and cash flows from operating activities.
43.Proprietary funds use the current financial resources measurement focus and modified accrual basis of accounting.
44.Long term debt serviced from proprietary funds is recorded in the Long Term Debt Account Group.
45.Long term debt serviced from proprietary funds is reportedonly in thegovernment-wide Statement of Net Position.
46.According to GASB 34, restricted Net Position does
notinclude those that are the results of constraints imposed by creditors, grantors, contributors, or laws or regulations of other governments.
47.According to GASB 34, restricted Net Positioninclude those that are the results of constraints imposed by law through constitutional provisions or enabling legislation.
48.Proprietary funds report using the economic resources measurement focus and the accrual basis of accounting.
49.Unlike internal service funds, it is frequently desirable for enterprise funds to operate at a profit.