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

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.

Quizplus · Accepted Answer

The basic financial statements of a city typically include the government-wide statement of net position, the government-wide statement of activities, and separate balance sheets for governmental and proprietary funds. However, they do not include a government-wide statement of cash flows, which is more commonly associated with private sector financial reporting.

The Basic Financial Statements of a City Do NOT Include