Question: True or False Managements discussion and analysis is required supplementary information. According to the GASB, there should not be less than 3 and no more

True or False

  1. Managements discussion and analysis is required supplementary information.

  1. According to the GASB, there should not be less than 3 and no more than 5 major governmental funds reported on the financial statements of governmental funds.

  1. If a component unit is reported discretely, its financial statements are reported in a separate column next to the government-wide financial statements of the primary government.

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