Special purpose governments engaged only in fiduciary-type activities are required to prepare all of the following...
Special purpose governments engaged only in fiduciary-type activities are required to prepare all of the following except:
Multiple Choice
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Management Discussion and Analysis.
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Statement of Changes in Fiduciary Net Position.
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Statement of Cash Flows.
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Statement of Fiduciary Net Position.
Homework Answers
Ans is
-
Statement of Cash Flows.
Reason:-
Special purpose governments include park districts, school districts. As per GASB they don't need, Statement of Cash Flows.
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