Which of the following are required basic statements of a proprietary fund?
A) Balance Sheet, Income Statement, Statement of Cash Flows.
B) Balance Sheet, Statement of Revenues, Expenses, and Changes in Equity, and a Statement of Cash Flows.
C) Statement of Net Assets, Statement of Revenues, Expenses, and Changes in Fund Net Assets.
D) Statement of Net Assets, Statement of Revenues, Expenses, and Changes in Fund Net Assets, and Statement of Cash Flows.
Correct Answer:
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