The Basic Financial Statements, as defined for government do not include combining financial statements .
Option D is correct .
A balance sheet and a statement of income, expenses, and changes in fund balances are also needed for governmental fund statements. A statement of net assets, a statement of revenues, expenses, and changes in fund net assets, as well as a statement of cash flows, are necessary proprietary fund statements.
Since fiduciary resources cannot be utilized to support the entity's programs or other services, fiduciary funds and fiduciary component units are expressly omitted from the governmentwide declarations.
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