Which of the following statements is true regarding the basic financial statements of a state or local government?

Multiple Choice

Separate columns should be provided in the government$-$wide financial statements for governmental activities and business$-$type activities.

Governmental fund and proprietary fund financial statements should provide a separate column for each major fund.

Aggregate information about all nonmajor governmental funds should be reported in a single column of the governmental fund financial statements and all nonmajor enterprise funds should be reported in a single column of proprietary fund financial statements.

All these answer choices are correct.