Special-purpose governments that have only business-type activities should repor

Question

Special-purpose governments that have only business-type activities should report which of the following?

A. Statement of Net Assets, Statement of Revenues, Expenses and Changes in Fund Net Assets and Statement of Cash Flows

B. Statement of Net Assets, Statement of Revenues, Expenses and Changes in Fund Net Assets

C. MD&A, Statement of Net Assets, Statement of Revenues, Expenses and Changes in Fund Net Assets, Notes to the Financial Statements and RSI, other than MD&A as appropriate

D. Statement of Net Assets, Statement of Revenues, Expenses and Changes in Fund Net Assets and RSI

Explanation / Answer

Answer is option (C)

MD&A, Statement of Net Assets, Statement of Revenues, Expenses and Changes in Fund Net Assets, Notes to the Financial Statements and RSI, other than MD&A as appropriate.

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