Final answer:
The proprietary fund statements include a Statement of Net Position, Statement of Revenues, Expenditures, and Changes in Fund Net Position, and Statement of Cash Flows.
Step-by-step explanation:
The correct answer is b. Statement of Net Position (or Balance Sheet); Statement of Revenues, Expenditures, and Changes in Fund Net Position; and Statement of Cash Flows.
Pproprietary fund statements include a Statement of Net Position (or Balance Sheet), which provides information about the fund's assets, liabilities, and net position at a specific point in time. They also include a Statement of Revenues, Expenditures, and Changes in Fund Net Position, which shows the fund's revenues and expenditures and how they affect the fund's net position over a period of time. Finally, they include a Statement of Cash Flows, which presents the sources and uses of cash for the fund during a specific period.
By providing these three statements, the proprietary fund statements give a comprehensive view of the financial position and performance of the fund.