Multiple Choice
Which of the following statements is false?
A) Governments that do not prepare a CAFR are not required to prepare a Management's Discussion and Analysis.
B) The Governmental Accounting Standards Board has established requirements for the statistical section of a CAFR.
C) Governments have some latitude in selecting major funds to be reported in the CAFR.
D) Governments are allowed to have additional information in their statistical section that is not required information.
Correct Answer:
Verified
Correct Answer:
Verified
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