A statement of cash flows must be reported by certain state and local governmental entities. The following activities relate to the presentation of a statement of cash flows. For each activity, select from the option list provided the best classification. Each choice may be used once, more than once, or not at all. A statement of cash flows must be reported by certain state and local governmental entities. The following activities relate to the presentation of a statement of cash flows. For each activity, select from the option list provided the best classification. Each choice may be used once, more than once, or not at all