Multiple Choice
In the Comprehensive Annual Financial Report (CAFR) of a governmental unit, the account groups are included in
A) both the combined balance sheet and the combined statement of revenues, expenditures, and changes in fund balances.
B) the combined statement of revenues, expenditures, and changes in fund balances, but NOT the combined balance sheet.
C) the combined balance sheet but NOT the combined statement of revenues, expenditures, and changes in fund balances.
D) neither the combined balance sheet nor the combined statement of revenues, expenditures, and changes in fund balances.
Correct Answer:
Verified
Correct Answer:
Verified
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