_____ For governmental funds, the operating statement used at the fund-based reporting level is, in essence, a
A) Statement of changes in financial position.
B) Cash basis income statement.
C) Modified-accrual basis income statement.
D) Cash flow income statement.
E) Source and uses of cash statement.

Question

_____	For governmental funds, the operating statement used at the fund-based reporting level is, in essence, a
A) Statement of changes in financial position.
B) Cash basis income statement.
C) Modified-accrual basis income statement.
D) Cash flow income statement.
E) Source and uses of cash statement.

Quizplus · Accepted Answer

The Answer of _____	For governmental funds, the operating statement used at the fund-based reporting level is, in essence, a
A) Statement of changes in financial position.
B) Cash basis income statement.
C) Modified-accrual basis income statement.
D) Cash flow income statement.
E) Source and uses of cash statement.

_____ for Governmental Funds, the Operating Statement Used at the Fund-Based