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Users of governmental and nonprofit financial reports use financial statements to answer a number of questions. Which of the following can at I financial statements?

Users of governmental and nonprofit financial reports use financial statements to answer a number of questions. Which of the following can at I financial statements? Select one: O a. Does the entity have sufficient financial resources to provide a reasonable cushion against near-term revenue shortfalls caused by econ O b. What is the likelihood of the entity's ability to pay its short-term and long-term financial obligations? O c. What is the entity's ability to continue to provide a particular level of services? O d. Financial statements can be used to answer all of the aforementioned questions. O e. None of the above

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