n state and local govemment accounting, which of the following statements are correct? (select ALL that apply) A. The governmental funds balance sheet is prepared on the accrual basis of accounting. B. A state or local government's Comprehensive Annual Financial Report (CAFR) must include a section called "Management's Discussion and Analysis." C The Financial Accounting Standards Board FASB develops the generally accepted accounting principles for the federal government. D 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