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A Statement of Cash Flows is required for which type of fund?


A) Proprietary
B) Governmental
C) Fiduciary
D) None of the above

E) C) and D)
F) A) and D)

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What is the rule for determining whether a governmental fund, other than the General Fund, is a major fund?

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A governmental fund is considered major ...

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General purpose governments engaged in both governmental and business type activities prepare governmental fund, proprietary fund and government-wide financial statements.

A) True
B) False

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The Government-wide financial statements include a separate column for fiduciary fund information.

A) True
B) False

Correct Answer

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The modified approach for infrastructure requires schedules and disclosures to be included in which part of the CAFR?


A) Notes to the Financial Statements
B) Other Supplementary Information
C) Required supplementary Information
D) Proprietary Fund Statements

E) B) and D)
F) All of the above

Correct Answer

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