Which of the following is not required for a special-purpose local government engaged in only fiduciary type activities? A) Statement of Fiduciary Net position B) Statement of Fiduciary Cash Flows C) Notes to the Financial Statements D) Required Supplementary Information other than MD&A

Question

Quizplus · Accepted Answer

Special-purpose governments engaged only in fiduciary activities prepare only the fund-basis statements required of fiduciary funds; the Statement of Fiduciary Net Position and the Statement of Changes in Fiduciary Net Position plus RSI. A Statement of Cash Flows is not required.

Which of the Following Is not Required for a Special-Purpose