Combining Financial Statements for Nonmajor Funds of a Government Should

question 66

Multiple Choice

Combining financial statements for nonmajor funds of a government should be included:

• A) In the basic financial statements.
• B) In the notes to the financial statements.
• C) As a part of the financial section of the comprehensive annual financial report (CAFR).
• D) As part of the statistical section of the comprehensive annual financial report (CAFR).

---

Definitions:

Positively

An attitude or manner that is optimistic and constructive, often contributing to favorable outcomes.

Adjustment Refusal

A response denying a request for modification, compensation, or correction in a business setting.

Common Agreement

A common agreement refers to a mutual understanding or consensus reached by two or more parties.

Free Use

The allowance to use content, material, or facilities without restrictions or payment, often within certain legal or ethical limits.