Which of the Following Statements Is NOT Required for Proprietary

question 99

Multiple Choice

Which of the following statements is NOT required for proprietary funds?

• A) Statement of Net Assets
• B) Statement of Revenues, Expenses and Changes in Fund Net Assets
• C) Budgetary Comparison Schedule
• D) Statement of Cash Flows

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Definitions:

Constitutionality

The quality or state of being in accordance with the constitution, or being constitutionally valid.

Ethnic Group

A community or population made up of people who share a common cultural background, heritage, or lineage.

Latinos

People of Latin American origin or descent, often residing in the United States, representing a diverse group of backgrounds, countries, and cultures.

United States

A federal republic in North America comprised of 50 states, a federal district, five major self-governing territories, and various possessions.