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Which of the following is a section of the financial section of the comprehensive annual financial report (CAFR) of a state or local government? Management's

Which of the following is a section of the financial section of the comprehensive annual financial report (CAFR) of a state or local government?

  1. Management's discussion and analysis (MD&A).

  2. Required supplementary information (other than MD&A).

  3. Basic financial statements and notes to financial statements.

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