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AGA Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) GAFRB Question # 26 Topic 3 Discussion

AGA Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) GAFRB Question # 26 Topic 3 Discussion

GAFRB Exam Topic 3 Question 26 Discussion:
Question #: 26
Topic #: 3

Which of the following government-wide financial statements are required for state and local governments?


A.

balance sheet and operating statement


B.

statement of net position and statement of changes in net position


C.

statement of net position and statement of activities


D.

statement of net position, statement of activities, and statement of cash flows


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