Which of the following is are accurate regarding a federal agency's Statement of Changes in Net Position?
A) The statement starts with the beginning of year balances in the net position accounts and reconciles these to the ending balances appearing on the agency's Balance Sheet.
B) The statement does not report Appropriations Received since this is a budgetary account and does not affect net position.
C) Both a and b above
D) Neither a nor b above
Correct Answer:
Verified
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