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Question 4 40 pts The model for State and Local governmental accounting requires several different financial statements. Assume that a friend who is NOT an

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Question 4 40 pts The model for State and Local governmental accounting requires several different financial statements. Assume that a friend who is NOT an accounting major asks you three questions: 1) Can you provide a list of EVERY financial statement I should expect to see in the Comprehensive Annual Financial Report of my large city? 2) Can you explain WHY there are so darn many statements? 3) If I only had time to really study and understand 2 of these statements, which ones would you recommend and WHY? HTML Editore

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