Government-wide financial statements prepared for a municipality include the following:

Question

Quizplus · Accepted Answer

Option B includes all three required financial statements for a municipality: the statement of net position, the statement of activities, and the statement of cash flows. Option A and C do not include the statement of cash flows, and Option D only includes the statement of net position. Therefore, Option B is the best choice for government-wide financial statements prepared for a municipality.

Government-Wide Financial Statements Prepared for a Municipality Include the Following