Which of the Following Is True Regarding the Comprehensive Annual

question 127

Multiple Choice

Which of the following is true regarding the Comprehensive Annual Financial Report (CAFR) ?

• A) The CAFR has three main sections: introductory, financial, and statistical.
• B) Required Supplementary Information includes a Budgetary Comparison Schedule for the General Fund and all major special revenue funds that have a legally adopted annual budget (unless a statement is prepared).
• C) Both of the above.
• D) Neither of the above.

---

Definitions:

Virginia and Kentucky Resolutions

In 1798 and 1799, the legislatures of Kentucky and Virginia crafted political declarations asserting that the federal Alien and Sedition Acts violated the Constitution.

Alien and Sedition Acts

A series of laws passed in 1798 that allowed the U.S. government to deport foreigners and jail critics of the government.

Louisiana Territory

A vast region of North America acquired by the United States from France in 1803, doubling the size of the country.

Port of New Orleans

A key maritime port in Louisiana, USA, known for its significant role in trade and transportation along the Mississippi River.