Which of the following financial statements would be prepare
Which of the following financial statements would be prepared for enterprise funds?
Statement of Revenues, Expenditures, and Changes in Fund Balance
Statement of Net Position
Statement of Cash Flows
All of the above
B and C
| A. | Statement of Revenues, Expenditures, and Changes in Fund Balance | |
| B. | Statement of Net Position | |
| C. | Statement of Cash Flows | |
| D. | All of the above | |
| E. | B and C |
Solution
The correct answer is D.
All of the above
For the better presentation of Financial Statement and by following the accounting priciples following are prepared for the enterprise funds:
Statement of Revenues, Expenditure and changes in fund balance
Statement of Cash flows
Statement of Net Position
Conclusion: For preparation of enterprise funds all the above are prepared
D.is correct option
