Under the New GASB Reporting Model for Governmental Entities, Which

Under the new GASB reporting model for governmental entities, which of the following is required?

A) Only one set of financial statements, prepared on the full accrual basis of accounting.
B) Only one set of financial statements, prepared on the modified accrual basis of accounting.
C) Two sets of financial statements, one similar to the pre-GASB #34 reporting requirements using the current financial resources measurement focus and modified accrual basis of accounting and one that combines all governmental activities in one column and all business-type activities in another column using the full accrual basis of accounting for both columns.
D) Two sets of financial statements, one exactly like the pre-GASB #34 reporting requirements using the current financial resources measurement focus and modified accrual basis of accounting and one that combines all governmental activities in one column and all business-type activities in another column using the full accrual basis of accounting for both columns.