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A government has governmental, proprietary, and fiduciary funds, identify and please briefly explain the nine...

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Accounting

  1. A government has governmental, proprietary, and fiduciary funds, identify and please briefly explain the nine financial statements for the Comprehensive Annual Financial Report.

  1. When conducting a financial analysis, ratios based solely on governmental fund financial statements would not be considered sufficient for assessing economic condition. Please explain why this statement would be true or false.

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