Which of the following is a major financial statement used in governmental accounting?

The Statement of Net Position is a key financial statement in governmental accounting because it provides a snapshot of a government entity's financial condition at a specific point in time. This statement presents the entity's assets, liabilities, and net position (which is the difference between assets and liabilities). It helps stakeholders understand the resources available to the government and the claims against those resources, thereby offering insight into the overall financial health of the entity.

In the context of governmental accounting, this statement aligns with the core principles of transparency and accountability, as it enables citizens and officials to assess how public resources are being managed. It plays an essential role in financial reporting and decision-making processes within governmental entities.

Other options, while they may resemble financial statements used in private sector accounting or certain governmental contexts, are not standard major financial statements within governmental accounting frameworks. For example, terms like "Statement of Financial Performance" or "Comprehensive Income Statement" may be more applicable to proprietary or private sector accounting. "Balance Sheet of Operations" is not a recognized standard term within governmental financial reporting, thereby reinforcing the unique role of the Statement of Net Position in this specific arena.