One of the biggest differences between the Basic Financial Statements and the Governmental Funds financial statements is: There is no difference. They contain the same results The governmental funds statements do not include long term assets and liabilities The governmental funds statements are prepared on the cash basis The governmental funds statements include only general fund operations Generally Accepted Accounting Principles (GAAP) requires: The basic financial statements, footnote disclosures, and required supplementary information The Managements Discussion and Analysis, The basic financial statements, and the footnotes The basic financial statements and the fund financial statements The audit report and the basic financial statements