A local government's basic financial statements would include a statement of cash flows for all
A) proprietary fund types.
B) governmental fund types.
C) fund types.
D) fiduciary fund types.
E) A statement of cash flows is not required for any fund types.

Question

Quizplus · Accepted Answer

Proprietary fund types, which include enterprise funds and internal service funds, require a statement of cash flows as part of their financial statements.

A Local Government's Basic Financial Statements Would Include a Statement