For Basic Financial Statements of a General Purpose Local Government

question 9

Multiple Choice

For basic financial statements of a general purpose local government to be presented fairly in all material respects, the basic financial statements must include an opinion unit for:

• A) Governmental activities in the government-wide financial statements.
• B) All funds in the special revenue fund type reported together as a unit.
• C) Investment trust funds as a unit apart from other fiduciary funds.
• D) All agency funds reported together as a unit.

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