The statement of revenues, expenses, and changes in fund net assets for proprietary funds
a) Combines special and extraordinary items in a subtotal present before nonoperation revenues and expenses
b) Must report revenues at gross amounts, with discounts and allowances disclosed parenthetically
c) Distinguishes between operating and nonoperating revenues and expenses
d) Must define operating items in the same way as in the statement of cash flows
Answer: C
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Governmental Accounting
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