Which of the following is not a required financial statement of an Enterprise Fund?

Question

Quizplus · Accepted Answer

Enterprise Funds, under Generally Accepted Accounting Principles (GAAP), are required to prepare three primary financial statements: the Statement of Net Position, the Statement of Revenues, Expenses, and Changes in Fund Net Position, and the Statement of Cash Flows. The Statement of Revenues, Expenses, and Changes in Fund Net Position on a budget to actual basis (GAAP basis) is not a required financial statement for Enterprise Funds.

Which of the Following Is Not a Required Financial Statement