Which Financial Statements Are Required for a Private Purpose Trust

Multiple Choice

Which financial statements are required for a private purpose trust fund?

A) Statement of net position and statement of revenues, expenses and changes in net position.
B) Statement of net position, statement of revenues, expenses, and changes in retained earnings, and statement of cash flows.
C) Statement of net position and statement of changes in net position.
D) Statement of net position, statement of changes in net position, and statement of cash flows.