Multiple Choice
For basic financial statements of a local government to be presented fairly in all material respects, the basic financial statements must include an opinion unit for:
A) Governmental activities in the government-wide financial statements.
B) All funds in the special revenue fund type reported together as a unit.
C) Investment trust funds as a unit apart from other fiduciary funds.
D) All agency funds reported together as a unit.
Correct Answer:
Verified
Correct Answer:
Verified
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