Assume a Government Is Determined to Be a Special-Purpose Government

Multiple Choice

Assume a government is determined to be a special-purpose government engaged in business-type activities only.Which of the following financial statements would be required?

A) Balance Sheet, Statement of Revenues, Expenditures, and Changes in fund Balances.
B) Statement of Net Assets, Statement of Revenues, Expenses, and Changes in Net Assets, Statement of Cash Flows.
C) Statement of Net Assets, Statement of Activities, Statement of Cash Flows.
D) Statement of Net Assets and Statement of Activities.