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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.

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