Footnote Information That Duplicates Information in Financial Statements Included in the CAFR

question 37

Multiple Choice

Footnote information that duplicates information in financial statements included in the CAFR

• A) May be eliminated.
• B) May be eliminated if the government does not issue its basic financial statements separately.
• C) May be eliminated if the government does issue its basic financial statements.
• D) Is common and must be presented despite the duplication.

---

Definitions:

Fundamental Shift

A significant change in the basic nature or structure of something, often implying a profound transformation in approach or understanding.

Communications

The imparting or exchanging of information by speaking, writing, or using some other medium.

Different Approach

Adopting a new or alternative method or perspective to address a problem or task.

Forms of Communication

Various methods used to convey messages between individuals or groups, including verbal, non-verbal, written, and digital means.