Author Question: The primary financial statements of a proprietorship are the income statement, statement of owner's ... (Read 45 times)

jho37 · **on:** Jul 6, 2018

The primary financial statements of a proprietorship are the income statement, statement of owner's equity, and thebalance sheet.
a. True
b. False

Indicate whether the statement is true or false

Question 2

Which special purpose governments must present management's discussion and analysis?

a. Those engaged in both governmental and business-type activities.
b. Those engaged in only fiduciary activities.
c. Those engaged in a single governmental program.
d. All special purpose governments must present management's discussion and analysis.