All of the Following Financial Statements Should Be Presented for a General

question 11

Multiple Choice

All of the following financial statements should be presented for a General Fund except a

• A) Balance sheet.
• B) Statement of revenues, expenditures, and changes in fund balance.
• C) Statement of cash flows.
• D) Statement of revenues, expenditures, and changes in fund balance: budget and actual.

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Definitions:

Balance Sheet

A financial statement that represents a company's assets, liabilities, and shareholders' equity at a specific point in time.

Specific Date

A distinct, precisely identified day on the calendar specified for a particular event or deadline.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period.

Cash Investments

Money put into financial instruments or assets with the expectation of achieving a profit.