Question: Which of the following statements is true regarding the basic financial statements of a state or local government? a . Separate columns should be provided

Which of the following statements is true regarding the basic financial statements of a state or local government?

a. Separate columns should be provided in the government-wide financial statements for governmental activities and business-type activities.

b. Governmental fund and proprietary fund financial statements should provide a separate column for each major fund.

c. Aggregate information about all nonmajor governmental funds or nonmajor enterprise funds should be reported in a single column of the governmental fund or proprietary fund financial statements.

d. All of the above.

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