CAFR. Select the best answer to the following multiple-choice questions:
1. Which of the following statements is correct concerning a governmental entity’s combined statement of cash flows?
a. Cash flows from capital financing activities are reported separately from cash flows from non-capital-related financing activities.
b. The statement format is the same as that of a business enterprise’s statement of cash flows.
c. Cash flows from operating activities may be reported using the indirect method.
d. The statement format includes columns for the general, governmental, and proprietary fund types.
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