Which Financial Statements Are Required for Proprietary Funds

question 97

Multiple Choice

Which financial statements are required for proprietary funds?

• A) Statement of net assets; Statement of revenues, expenses, and changes in fund net assets; Statement of cash flows.
• B) Budgetary comparison schedule; Statement of revenues, expenditures, and changes in fund balance; Statement of net assets.
• C) Balance Sheet; Statement of revenues, expenditures, and changes in fund balances; Statement of changes in fiduciary net assets.
• D) Statement of changes in Fund Balance; Balance Sheet; Statement of cash flows.

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