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 Position, Statement of Activities, Statement of Cash Flows.
C) Statement of Net Position, Statement of Revenues, Expenses, and Changes in Net Position, Statement of Cash Flows.
D) Statement of Net Position and Statement of Activities.