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Examine the government-wide statement of activities in the CAFR for the city or state you selected. Does it have a positive amount of profit in
Examine the government-wide statement of activities in the CAFR for the city or state you selected. Does it have a positive amount of profit in total business type-activities? Does any of the business type-activities show a loss?
https://lacontroller.org/wp-content/uploads/CAFR-FY19_1.31.20_Full.pdf
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