How does the statement of cash flows under GASB standards differ from the statement of cash flows

Question:

How does the statement of cash flows under GASB standards differ from the statement of cash flows under FASB standards?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting for Governmental and Nonprofit Entities

ISBN: ?978-0073379609

15th Edition

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

See More Books

Question Posted: Dec 03, 2011 10:18 AM

See More Questions

How does the statement of cash flows prepared for not-for-profit organizations differ from that prepared for profit-motivated businesses?
Does the statement of cash flows report only transactions that cause an increase or a decrease in cash? Explain.
How does the statement of cash flows differ from the income statement?
10 J of heat are removed from a gas sample while it is being compressed by a piston that does 20 J of work. What is the change in the thermal energy of the gas? Does the temperature of the gas...
Danny Dimes Donahue is a neighbourhood's 9-year old entrepreneur, His most recent venture is selling homemade and brownies that he bakes himself. At a price of $1.50 each, he sells 100. At a price of...
Apple Inc. designs, manufactures, and markets personal computers and related software. Apple also manufactures and distributes music players (iPod) and mobile phones (iPhone) along with related...
Perform the order-of $-\epsilon^{2}$ approximation for the problem of diffusion with reaction in a catalyst of variable activity. Compare the flux with that obtained from the BVP4C solver in...
A film of Jesse Owenss famous long jump (Fig.6-42) in the 1936 Olympics shows that his center of mass rose 1.1m from launch point to the top of the are What minimum speed did he need at launch if he...
Consider a Specific-Factors model where two countries, Domestic and Foreign, produce two goods, A and B, using labor L and capital K. Take the following information as given: In Domestic, the...
Write a pseudocode algorithm to input the height and width of a right-angled triangle and check that these values are positive and less than the maximum values given in question 1.
Explain how capitalization of interest costs differs for enterprise funds as opposed to governmental funds.
What are regulatory accounting principles and how do they relate to enterprise fund accounting?
Repeat Prob. 14106 for hot-water flow of a district heating system at 100°C. 500 m Oil 30 cm 3 m/s 45 cm 800 m
Suppose that the demand for classical music concert tickets is negatively sloping and the supply of classical music concert tickets is positively sloping.Classical music lovers persuade Congress to...
To maximize the expected profit from the potential sale, what posted price would you commit to to maximize the expected value from the potential sale of the machine?
The government of planet Zanak suspects that Mondas companies are launching wearable technological products into their markets. What effects on the price of wearable technology on Zanak would...
Identify a good you commonly use or would like to use. Explain at least three factors that would result in a shift in the demand curve for that good and three factors that would result in a shift in...
What perfectly competitive market assumptions are violated in a medical market? How does this affect the equilibrium price and quantity?
From the following network data, determine the critical path, early start, early finish, late start, late finish, TF, and FF for each activity. Highlight the critical path. 05 NC 1 F TI NX 2 I + 3 B...
Orange juice producers are dismayed and puzzled. An economist told them that the reason the demand for orange juice fell is that a new technology allow tomato producers to pick ripe tomatoes more...
Describe the role of DNA ligase in the replication process.
State and general purpose local governments are considered primary governments. Under what circumstances would a special purpose government be considered a primary government?
State and general purpose local governments are considered primary governments. Under what circumstances would a special purpose government be considered a primary government?
You have recently started working as the controller for a small county. The county is preparing its financial statements for the comprehensive annual financial report and you have been given the...
Draw the shear diagram for the beam. Set P = 600 lb, a = 5 ft, b = 7 ft. Draw the moment diagram for the beam.
Ahmed, Bassem and Jamal are partners in Tadamon Company who share profits and losses at a ratio of 2 : 2 : 4 respectively. On 1 / 1 / 2 0 2 2 , it was decided to liquidate the company, and the...
Draw the shear diagram for the beam. Follow the sign convention. Draw the moment diagram for the beam. Follow the sign convention.

How does the statement of cash flows under GASB standards differ from the statement of cash flows

Question:

Step by Step Answer:

FASB allows entities to prepare the statement of cash flows using either the indi...View the full answer

Accounting for Governmental and Nonprofit Entities

Students also viewed these Accounting questions