Under the GASB Statement No

Under the GASB Statement No. 34 reporting model, which of the following is required?

A) Only one set of financial statements, prepared on the full accrual basis of accounting.
B) Only one set of financial statements, prepared on the modified accrual basis of accounting.
C) Two sets of financial statements, the general and proprietary fund statements prepared on the full accrual method and the government-wide on cash basis.
D) Two sets of financial statements, the general fund statement on modified accrual, the proprietary fund and the government-wide statements on full accrual.

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