$5)$ Which statement is incorrect with respect to proprietary funds?$5)\_\_\_\_\_\_\_$

A$)$ Proprietary funds follow FASB rules and may follow GASB rules if not addressed by FASAB.

B$)$ The Statement of Cash Flows must be prepared using the direct method and includes cash flows from operating activities, investing activities, capital and related financing activities, and noncapital$-$related financing activities.

C$)$ The required financial statements of proprietary funds include a Statement of Net Position, a Statement of Revenues, Expenses, and Changes in Fund Net Position, and a Statement of Cash Flows.

D$)$ The net position $($i$.$e$.,$ fund equity$)$ section of the Statement of Net Position is displayed within three categories: $(1)$ Net Investment in Capital Assets, $(2)$ Restricted, and $(3)$ Unrestricted Net Position.