Proprietary funds are required to prepare financial statements that include:
a)Statement of Activities
b)Statement of Revenues,Expenditures and Changes in Fund Balance
c)Balance Sheet
d)Statement of Cash Flows
e)Statement of Net Assets
f)Statement of Revenues,Expenses and Changes in Net Assets

Question

Proprietary funds are required to prepare financial statements that include: 
a)Statement of Activities
b)Statement of Revenues,Expenditures and Changes in Fund Balance
c)Balance Sheet
d)Statement of Cash Flows
e)Statement of Net Assets
f)Statement of Revenues,Expenses and Changes in Net Assets

Quizplus · Accepted Answer

Proprietary funds, which include enterprise and internal service funds, are required to prepare a Statement of Cash Flows (D), a Statement of Net Assets (E), and a Statement of Revenues, Expenses, and Changes in Net Assets (F).

Proprietary Funds Are Required to Prepare Financial Statements That Include