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?
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.
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