In state and local government accounting, which of the following statements are correct? (select ALL that apply.) OA A state or local government's Comprehensive Annual Financial Report (CAFR) must include a section called "Management's Discussion and Analysis." O B. The governmental funds balance sheet is prepared on the accrual basis of accounting. c. The Financial Accounting Standards Board (FASB) develops the generally accepted accounting principles for the federal government OD The government-wide statement of net position includes the liabilities a state or local government has that will become due in more than one year