Which financial statements are required for proprietary funds? a) statement of net position; statement of revenues, expenses, and changes in fund net position; statement of cash flows b) budgetary comparison schedule; statement of revenues, expenditures, and changes in fund balance; statement of net position c) statement of net position; statement of revenues, expenditures, and changes in fund balances; statement of cash flows d) statement of net position; statement of revenues, expenses, and changes in fund net position

c) Statement of Net Position; Statement of revenues, expenditures, and changes in fund balances; Statement of Cash Flows

Explanation:

Proprietry funds are accounts that are part of governmental institutions and non profits organizations and these require a high standard of transparency and accountability, so they are require to provide to the government the next statements: tatement of net assets; a statement of revenues, expenses, and changes in fund net assets; and a statement of cash flows.

This is accordingly to the summary of statements N. 34 from the Governmental Accounting Standards Board.

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