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.

Question

Quizplus · Accepted Answer

The CAFR includes both blended and discretely presented component units as part of its financial reporting.

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