Which financial statements are required for proprietary funds?
A) Statement of net assets; Statement of revenues, expenses, and changes in fund net assets; Statement of cash flows.
B) Budgetary comparison schedule; Statement of revenues, expenditures, and changes in fund balance; Statement of net assets.
C) Statement of net assets; Statement of revenues, expenditures, and changes in fund balances; Statement of cash flows.
D) Statement of net assets; Statement of revenues, expenses, and changes in fund net assets;
Correct Answer:
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