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What is the general rule regarding the reporting of special items in the fund financial statements?

Select one:

a. They should be reported as part of expenditures or expenses in operating statements.

b. They should be displayed separately in the operating statements prepared for governmental and proprietary funds.

c. They should be included as part of revenues in fund operating statements.

d. They should be displayed as separate items in proprietary fund operating statements, but not in governmental fund operating statements.

Which of the following financial statements or schedules is prepared for all fiduciary funds?

Select one:

a. Budgetary comparison schedule

b. Statement of fiduciary net position

c. Reconciliation between fund-level and government-wide level operating activities

d. Statement of fiduciary cash flows

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