Which of the Following Statements Is Not Required for Proprietary

question 68

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:

Economic Plan

A strategic outline designed to achieve certain financial and economic goals within a specific timeframe.

National Capital

The city or municipality that serves as the seat of government of a country, state, or region, often housing the central administrative, legislative, and judicial offices.

Ratification

The official way to confirm something, usually by vote, formal consent, or official approval, particularly in the context of treaties, constitutions, and agreements.