What do BFS contain? Discuss.
Answer to relevant QuestionsWhat are the major sources of financing for the federal government, state and local governments, the health sector, and the not- for- profit sector?How does one decide what entities to include in the government’s BFS? Who takes primary responsibility for audited financial statements issued to the public?What are the major elements of financial statement analysis?What general problem must be addressed in doing ratio analysis for governmental financial condition analysis?
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