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Which of the Following Is True Regarding the Composition of the Comprehensive

Question 118

Multiple Choice

Which of the following is true regarding the composition of the Comprehensive Annual Financial Report (CAFR) ?


A) The CAFR is required in order to be in conformity with Generally Accepted Accounting Principles (GAAP) .
B) The CAFR is to include both blended and discretely presented component units.
C) The CAFR contains four major sections: introductory, financial, supplementary, and statistical.
D) All of the above are true.

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