Accounting MCQ
Governmental Accounting
A state or local government must present which financial statements for proprietary funds? I. A statement of activities II. A statement in net assets or balance sheet format III. A statement of cash flows
A state or local government must present which financial statements for proprietary funds? I. A statement of activities II. A statement in net assets or balance sheet format III. A statement of cash flows
A state or local government must present which financial statements for proprietary funds?
I. A statement of activities
II. A statement in net assets or balance sheet format
III. A statement of cash flows
a) I only
b) I and III only
c) II and III only
d) I,II, and III
Answer: C
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