Final answer:
General purpose external financial reports for state and local government entities must include a comprehensive income statement, a statement of cash flows, and a balance sheet.
Step-by-step explanation:
General purpose external financial reports for state and local government entities must include All of the above. This means that the reports should include a comprehensive income statement, a statement of cash flows, and a balance sheet. These reports provide important information about the financial position and performance of the government entities.