Which Financial Statements Are Required for Proprietary Funds

question 58

Multiple Choice

Which financial statements are required for proprietary funds?

• A) Statement of Net Position; Statement of Revenues, Expenses, and Changes in fund Net Position; Statement of cash flows.
• B) Budgetary comparison schedule; Statement of revenues, expenditures, and changes in fund balance; Statement of Net Position.
• C) Statement of Net Position; Statement of revenues, expenditures, and changes in fund balances; Statement of cash flows.
• D) Statement of Net Position; Statement of Revenues, Expenses, and Changes in fund net position;

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Definitions:

Homeobox

A short (180-nucleotide) DNA sequence that characterizes many homeotic genes as well as some other genes that play a role in development.

Translation

The process in which ribosomes synthesize proteins using the mRNA transcript as a template.

Totipotent

Describes cells that have the potential to differentiate into any type of cell in an organism, including embryonic and extraembryonic structures.

Adult Stem Cells

Adult stem cells are undifferentiated cells found throughout the body after embryonic development that can differentiate into specialized cell types and divide to replenish dying cells and regenerate damaged tissues.