The following are some of the financial statements required in the State of New York CAFR:

1. Government-wide statement: statement of net position
2. Government-wide statement: statement of activities
3. Fund statement: balance sheet–governmental funds
4. Fund statement: statement of revenues, expenditures and changes in fund balances—governmental funds
5. Fund statement: statement of net position–proprietary funds
6. Fund statement: statement of revenues, expenses and changes in net position–proprietary funds

For each of the following balances related to the financial performance of the State of New York, indicate the number(s) of the statements on which the balance is reported.

Bonds payable, enterprise funds

1 and 3

5 only

1 only

1 and 5

Answer rating: 100% (QA)

Government Wide statement statement of net pos... View the full answer