Question
What is the minimum nubmer of funds required to be used by a governmental unit? a. One; the general fund b. two; general and one
What is the minimum nubmer of funds required to be used by a governmental unit?
a. One; the general fund
b. two; general and one permanent fund
c. as many as necessary to fulfill legal requiresments and sound financial admiitstration
d. A & C
Which of the following is true regarding the COmprehensive Annual Financial Report (CAFR)?
a. The CAFR has three main sections: introductory, financial, and statistical
b. Required Supplementary Information includes a Budgetary Comparison Schedule for the General fund and all major special revenue funds that have a legallly adopted annual budget (unless a satement is prepared).
c. Both of the above
d. Neither of the above
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