1. The GASB identifies one of the broadest objectives of government financial reporting as:

A. assisting users in assessing profitability of the government

B. assisting users in making economic, social, and political decisions.

C. fairly presenting government financial condition and operating results

D. providing information about the inflows and outflows of cash0

2. A government-wide statement of net position may include a column for each of the following except:

A. business type activities

B. component units

C. governmental activities

D. major funds

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