Which of the following are government-wide financial statements required by GASB standards?
A) Statement of net position and statement of cash flows.
B) Statement of net position, statement of activities, and statement of cash flows.
C) Statement of net position and statement of activities.
D) Statement of activities and statement of cash flows.

Question

Quizplus · Accepted Answer

The Governmental Accounting Standards Board (GASB) requires two primary government-wide financial statements: the Statement of Net Position and the Statement of Activities. These statements provide a broad overview of a government's finances.

Which of the Following Are Government-Wide Financial Statements Required by GASB