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Internal service funds: A. are not required to present a Statement of Cash Flows. B. C. are required to present a Statement of Net Position
Internal service funds: A. are not required to present a Statement of Cash Flows. B. C. are required to present a Statement of Net Position only if the fund's break-even objective is not met are required to present a Statement of Revenues, Expenditures, and Changes in Fund Balance are required to present a Statement of Revenues, Expenses, and Changes in Fund Net Position D. Submit Answers Select the best answer In which of the following state and local government accounting entities might long-term debt be reported? A. Capital projects funds B. Debt service funds C. Enterprise funds D. General fund Submit Answun Which type of financial statements are not typically included in a government's Comprehensive Annual Financial Report? A. Combining financial statements B. Consolidated financial statements @ C. Fund Financial Statements (reporting on a category of funds such as governmental funds) D. Government-wide financial statements uniwers
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