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.

Question

Quizplus · Accepted Answer

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. The government-wide statements include the Statement of Net Position and the Statement of Activities.

Which of the Following Is True Regarding the Comprehensive Annual