The Comprehensive Annual Financial Report (CAFR)of a Government Should Contain

question 36

Multiple Choice

The comprehensive annual financial report (CAFR) of a government should contain a statement of revenues,expenses,and changes in net assets for

• A)Both proprietary and governmental funds.
• B)Proprietary but not governmental funds.
• C)Governmental but not proprietary funds.
• D)Proprietary and fiduciary funds.

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Definitions:

Brazilian Real

The official currency of Brazil, symbolized as R$ and subdivided into 100 centavos.

U.S. Currency

The system of money in general use in the United States, primarily consisting of dollars and cents.

U.S. Dollar

The official currency of the United States, used as a standard measure of value and a medium of exchange.

Mexican Peso

The official currency of Mexico, used in all financial transactions within the country.