A government will prepare a statement of cash flows for which of the following funds?
A)General Fund
B)Enterprise Fund
C)Debt Service Fund
D)Agency Fund

Question

Quizplus · Accepted Answer

Enterprise Funds, which operate in a manner similar to private businesses, are required to prepare a statement of cash flows as part of their financial reporting. This is because they focus on the total economic resources measurement focus and use the accrual basis of accounting, making the statement of cash flows relevant for assessing their financial condition.

A Government Will Prepare a Statement of Cash Flows for Which