Which of the Following Statements Is False

question 17

Multiple Choice

Which of the following statements is false?

• A) Governments that do not prepare a CAFR are not required to prepare a Management's Discussion and Analysis.
• B) The Governmental Accounting Standards Board has established requirements for the statistical section of a CAFR.
• C) Governments have some latitude in selecting major funds to be reported in the CAFR.
• D) Governments are allowed to have additional information in their statistical section that is not required information.

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Definitions:

Trade Secret

Proprietary information used by a business that is not publicly known and is subject to efforts to maintain its secrecy, giving the business a competitive advantage.

Computer Software

A collection of data, programs, procedures, and instructions that tell a computer how to perform specific tasks or operations.

Chemical Formulas

Representations of the molecular or ionic composition of chemical substances.

Cookbook Recipes

Structured sets of instructions for preparing meals, often including lists of ingredients and step-by-step directions for cooking or baking.