Question

Based on the 2016 CAFR of the County of Santa Clara. Please copy link below for...

Based on the 2016 CAFR of the County of Santa Clara. Please copy link below for required data

https://www.sccgov.org/sites/fin/Controller-Treasurer%20Department/CAFR%20Report/Documents/County%20of%20Santa%20Clara%20CAFR%20FY2016.pdf

and please help answer question #6 of the Continuing Problem found on page 407 in text.

Text: Government and Not-For-Profit Accounting Concepts & Practices; 7th Edition, Michael H. Granof and Saleha B. Khumawala

ISBN: 1118983270
ISBN-13: 9781118983270

Question:

6. Do the financial statements include a statement of cash flows for proprietary funds? Is the statement on a direct or an indirect basis? In how many categories are the cash flows presented? Which of these categories resulted in net cash inflows? Which resulted in net cash outflows?

Homework Answers

Answer #1

Do the financial statements include a statement of cash flows for proprietary funds? ?

Yes, they include a statement of cash flows for proprietary funds

Is the statement on a direct or an indirect basis?

This is on direct basis

In how many categories are the cash flows presented?

4 categories

Which of these categories resulted in net cash inflows? Which resulted in net cash outflows??

a) Cash flow from operating activities and cash flow from investing activities resulted in to net inflows while cash flow from non capital financing activities and cash flow from capital and related financing activities resulted into cash outflows.

Please please give the rating as you find suitable. Thanks

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