The financial statements of a general fund include:

A.A statement of changes in net position

B.A statement of revenues, expenditures, and changes in fund balances

C.A statement of cash flows

D.A statement of revenues, expenses, and changes in net position

What characteristic distinguishes a blended component unit from a discretely presented component unit?

A.Blended component units have an autonomous governing authority.

B.Discretely presented component units have the same governing body as the primary government.

C.The primary government is financially accountable for a discretely presented component unit's debt.

D.Blended component units exist to provide services to the primary government.