Proprietary Funds

question 61

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 disclose contributions of capital assets on the Cash Flow Statement.
• D) Are required to present a Statement of Revenues and Expenses and Balance sheet.