In addition to a Statement of Net Assets,Proprietary Fund level financial statements include which of the following?
A) Statement of revenues, expenses, and changes in fund net assets.
B) Statement of cash flows.
C) Both of the above.
D) Neither of the above.

Question

Quizplus · Accepted Answer

In addition to the Statement of Net Assets, Proprietary Fund level financial statements include the Statement of Revenues, Expenses, and Changes in Fund Net Assets, as well as the Statement of Cash Flows. These two additional statements provide information on the fund's operating and investing activities, as well as its sources and uses of cash.

In Addition to a Statement of Net Assets,Proprietary Fund Level