Which of the following major captions are not found in the proprietary funds statement of revenues, expenses, and changes in fund net position?

Question

Quizplus · Accepted Answer

The statement of revenues, expenses, and changes in net position should be prepared in a format that distinguishes between operating and nonoperating revenues and expenses, and that provides separate subtotals for operating revenues, operating expenses, and operating income. Investing revenues (expenses) are generally reported with nonoperating revenues and expenses.

Which of the Following Major Captions Are Not Found in the Proprietary