Which of the following is NOT a basic financial statement for a federal agency?

Question

Quizplus · Accepted Answer

The Statement of Stewardship Assets is not considered a basic financial statement for a federal agency. Basic financial statements typically include the Balance Sheet, Statement of Budgetary Resources, and Statement of Financing, among others, focusing on financial position, budgetary resources, and financing activities. The concept of stewardship assets pertains to the federal government's responsibility to manage and protect assets that are entrusted to its care, but it does not constitute a basic financial statement in the same manner as the others listed.

Which of the Following Is NOT a Basic Financial Statement