A Statement of Revenues, Expenses, and Changes in Net Position

question 35

Multiple Choice

A statement of revenues, expenses, and changes in net position of a proprietary fund should include which of the following in addition to operating revenues, operating expenses, and ending net position?

• A) Nonoperating revenues and expenses.
• B) Nonoperating revenues and expenses; other changes in net position.
• C) Nonoperating revenues and expenses; capital contributions and other changes in net position; beginning net assets.
• D) None of the above.

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Definitions:

Book Values

The net value of a company's assets, subtracting the total liabilities from the total assets.

Market Values

The value at which an asset is exchanged in a competitive auction scenario.

Market-To-Book Ratio

A financial ratio comparing a company's market value to its book value, used to assess valuation.

Market Price Per Share

The current price at which a share of stock can be bought or sold on the open market.