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Results of state and local governments are reported in the ________________________________. (A)Income statement, balance sheet, and statement of cash flows. (B)Comprehensive annual financial report (CAFR).

Results of state and local governments are reported in the ________________________________.

(A)Income statement, balance sheet, and statement of cash flows.

(B)Comprehensive annual financial report (CAFR).

(C)Just the balance sheet and statement of cash flows since governments are not concern about profits.

(D)Comprehensive operating and cash financial report (COCF).

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