Proprietary funds are required to prepare financial statements that include:
A.Statement of Activities
B.Statement of Revenues,Expenditures and Changes in Fund Balance
C.Balance Sheet
D.Statement of Cash Flows
E.Statement of Net Positions
F.Statement of Revenues,Expenses and Changes in Net Position

Question

Quizplus · Accepted Answer

Proprietary funds, which include enterprise and internal service funds, are required to prepare a Statement of Cash Flows (D), a Statement of Net Position (E), and a Statement of Revenues, Expenses, and Changes in Net Position (F). These statements provide a comprehensive view of the financial activities and position of the proprietary funds.

Proprietary Funds Are Required to Prepare Financial Statements That Include