Some governments provide to their citizens highly condensed financial information, budget summaries, and narrative descriptions. This report is called a(an)
A) Comprehensive annual financial report.
B) Basic financial statements.
C) Required supplementary information.
D) Popular report.

Question

Quizplus · Accepted Answer

The report described in the question is commonly known as a "popular report," which is designed to provide easy-to-understand financial information to citizens. The other answer choices refer to more detailed financial reports typically used by government entities for internal purposes or to comply with legal requirements.

Some Governments Provide to Their Citizens Highly Condensed Financial Information