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Which of the following is true regarding the proprietary fund financial statements? Multiple Choice The proprietary fund financial statements include the Statement of Net Position,

Which of the following is true regarding the proprietary fund financial statements?

Multiple Choice

The proprietary fund financial statements include the Statement of Net Position, the Statement of Revenues, Expe

Changes in Fund Net Position, and the Statement of Cash Flows.

The proprietary funds include enterprise, internal service, and permanent funds.

Both of the choices are true.

Neither of the choices is true.

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