Choice "C" is correct. Stand alone business-type activities are accounted for as an enterprise fund and would include both basic financial statements and required supplementary information consistent with GASB #34 guidance. Enterprise funds are often used for utilities, and the required financial statements will be a statement of net position (balance sheet), statement of revenues, expenses, and changes in net position (income statement), statement of cash flows, and footnotes. In addition, Management's Discussion and Analysis (MD&A) and Required Supplementary Information (RSI) must also be included. The fund financial statements and the "government-wide" financial statements would be identical so they would only be presented once.Choice "d" is incorrect. Stand alone business type activities are accounted for as an enterprise fund and would include both basic financial statements and required supplementary information consistent with GASB #34 guidance. The fund financial statements and the "government-wide" financial statements would be identical so they would only be presented once. Presentation of only a statement of net position (a balance sheet) would be insufficient.Choice "a" is incorrect. Stand alone business type activities are accounted for as an enterprise fund and would include both basic financial statements and required supplementary information consistent with GASB #34 guidance. The fund financial statements and the "government-wide" financial statements would be identical so they would only be presented once. Presentation of just the required supplementary information would be insufficient.Choice "b" is incorrect. Stand alone business type activities are accounted for as an enterprise fund and would include both basic financial statements and required supplementary information consistent with GASB #34 guidance. The fund financial statements and the "government-wide" financial statements would be identical so they would only be presented once. Presentation of governmental fund financial statements would be inappropriate.