Which of the Following Is True Regarding the Proprietary Funds

question 91

Multiple Choice

Which of the following is true regarding the proprietary funds statements?

• A) Major enterprise and internal service funds are reported in separate columns; a column is presented for all non-major enterprise and internal service funds combined), and a total column is presented.
• B) Financial statements include a Statement of Net Position, Statement of Revenues, Expenses, and Changes in Fund Net Position, and Statement of Cash Flows.
• C) Both of the above.
• D) Neither of the above.

---

Definitions:

Exercise Price

The specified price at which the holder of an option can buy (call) or sell (put) the underlying asset.

Stock Splits

A corporate action that increases the number of a company's outstanding shares by dividing each share, which typically reduces its share price but does not affect the company's overall market capitalization.

Exercise Price

The predetermined price at which the holder of an option can buy (call) or sell (put) the underlying asset.

Split Factor

A term used in finance to describe the ratio by which a company's existing shares are divided into a larger number of shares, affecting a stock's price by making it more affordable without changing the company's market capitalization.