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 Position, the Statement of Activities, and the Statement of Cash Flows.
C) Both A and B are true.
D) Neither A nor B is true.
Correct Answer:
Verified
Correct Answer:
Verified
Q55: With respect to the preparation of fund
Q56: Governmental-type fund financial statements do not include
Q57: In addition to the government-wide statements, governments
Q58: Because proprietary funds use a different basis
Q59: The government-wide financial statements present the government
Q61: List the Government-wide financial statements required by
Q62: Permanent funds are not presented as part
Q63: Which of the following is true regarding
Q64: GASB establishes that the financial reporting entity
Q65: The following information is available for the