Fiduciary fund financial statements include the Statement of Fiduciary Net Position, Statement of Changes in Fiduciary Net Position, and Statement of Cash Flows.

Question

Quizplus · Accepted Answer

Fiduciary fund required statements are the Statement of Fiduciary Net Position and Statement of Changes in Fiduciary Net Position. Agency funds are not included in the Statement of Changes in Net Position because they have no revenues additions or expenses deductions.

Fiduciary Fund Financial Statements Include the Statement of Fiduciary Net