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Not-for-profit and Governmental Statements

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Obtain a copy of a Comprehensive Annual Financial Report (CAFR) for a state or local government for which you would have an interest. Answer the following questions regarding that report:

What information is included?
Is there any information that you find particularly interesting or unique to this entity?
What do you consider to be the most useful statistical information, and why?
Overall, do you feel that this section allows you to better understand the financial status of the governmental entity, or do you feel the information is marginal and should be eliminated?

Sample Solution

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