Comparison of the legally approved budget with actual results of the General Fund is included as part of required supplementary information in the CAFR.
Correct Answer:
Verified
Q18: The format and content of supplementary information
Q19: The FASAB requires more financial statements than
Q20: GASB and FASB Concept Statements establish accounting
Q21: Fiduciary funds include agency, pension trust, investment
Q22: Fiduciary funds of a governmental unit use
Q24: FASB sets the reporting standards for private
Q25: Governmental-type activities fund statements must use accrual
Q26: Infrastructure is capitalized by state and local
Q27: The government-wide statements and the fund statements
Q28: Fund-basis statements are presented for three categories
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