Proprietary Funds

question 126

Multiple Choice

Proprietary funds:

• A) Are required to present a reconciliation between the Statement of Revenues, Expenses, and Changes in Fund Net Assets and the Cash Flow Statement
• B) Are required to present budget-actual statements in the fund statements
• C) Are not required to accrue interest due more than 30 days after the end of the fiscal year
• D) Are required to present a Statement of Revenues and Expenses and Balance sheet.

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Definitions:

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