A Statement of Revenues, Expenses, and Changes in Fund Net Assets should include which of the following in addition to operating revenues and operating expenses and ending Net Assets
A)Nonoperating revenues and expenses.
B)Nonoperating revenues and expenses, and Other Changes in Net Assets.
C)Nonoperating revenues and expenses, Capital Contributions and Other Changes in Net Assets, Beginning Net Assets.
D)None of the above.

Question

Quizplus · Accepted Answer

A Statement of Revenues, Expenses, and Changes in Fund Net Assets should include nonoperating revenues and expenses, capital contributions, other changes in net assets, and beginning net assets to provide a comprehensive view of the financial activities and changes in net assets.