The basic financial statements of a city do NOT include which of the following?
A)Government-wide statement of net position.
B)Government-wide statement of activities.
C)Government-wide statement of cash flows.
D)Separate balance sheets for governmental and proprietary funds.

Question

Quizplus · Accepted Answer

The government-wide statement of cash flows is not one of the basic financial statements required to be included in a city's financial report. The other options, including the government-wide statement of net position, government-wide statement of activities, and separate balance sheets for governmental and proprietary funds, are all required components of a city's financial reporting.

The Basic Financial Statements of a City Do NOT Include