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Which of the Following Is True Regarding the Comprehensive Annual

Question 3

Multiple Choice

Which of the following is true regarding the Comprehensive Annual Financial Report?


A) The basic financial statements consist of the government-wide, the governmental fund, the proprietary fund, and the fiduciary fund financial statements (and the notes to the financial statements) .
B) The government-wide financial statements include the Statement of Net Assets, the Statement of Activities, and the Statement of Cash Flows.
C) Both of the above.
D) Neither of the above.

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