Multiple Choice
Which of the following statements is regarding the required disclosure of budgetary information?
A) All budgetary disclosures should be presented in the notes to the financial statements.
B) There is one specific format for presenting the budgetary comparison statement.
C) Budgetary comparisons may be presented as a statement or as required supplementary information (RSI) .
D) The budgetary reconciliation must focus on the operating statement, but not the statement of position.
Correct Answer:
Verified
Correct Answer:
Verified
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