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As Part of the State and Local Government Accounting and Reporting

Question 8

Multiple Choice

As part of the state and local government accounting and reporting model, a budgetary comparison statement or schedule for the General Fund should be presented as


A) A basic financial statement or required supplementary information.
B) In the other information section of the CAFR.
C) A note to the financial statements.
D) Budgetary reporting is optional for governments.

Correct Answer:

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