Question
3. The information provided indicates that the town has three fund classifications: governmental funds (General fund and special revenue fund) and proprietary (enterprise fund). As
3. The information provided indicates that the town has three fund classifications: governmental funds (General fund and special revenue fund) and proprietary (enterprise fund). As a result the town would be required to prepare the financial statements, i.e Governmental fund financial statements, Proprietary fund financial statements, and Government-wide financial statements.You are required to list the name of statements under the above three categories (i.e. Governmental fund financial statements, Proprietary fund financial statements, and Government-wide financial statements)
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