Multiple Choice
Which of the following are required basic statements of a Proprietary Fund?
A) Balance Sheet and Income Statement.
B) Balance Sheet; Statement of Revenues, Expenses, and Changes in Retained Earnings; and Statement of Cash Flows.
C) Statement of Net Assets and Statement of Revenues, Expenses, and Changes in Fund Net Assets.
D) Statement of Net Assets; Statement of Revenues, Expenses, and Changes in Fund Net Assets; and Statement of Cash Flows.
Correct Answer:

Verified
Correct Answer:
Verified
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